Exchange Bitcoin -US funds started the week with significant outflows as the price of bitcoin fell below $93,000 amid a wave of long-term liquidations.
According to SoSoValue, on November 25, 12 spot bitcoin ETF , recorded an outflow of $438,38 million, breaking a five-day streak of inflows. Last week, these funds saw a record $3,38 billion in inflows.
The leader in terms of outflow of funds was the BITB fund from Bitwise, from which investors withdrew more than $280 million.
Outflow of funds from spot BTC- ETF
Grayscale’s GBTC followed with an outflow of $158,2 million, followed by Fidelity’s FBTC with $134,7 million. From ARKB, Ark and 21Shares investors withdrew $110,9 million. Bitcoin - funds from Invesco, Valkyrie and VanEck also reported losses.
Only two exchange-traded funds invest in Bitcoin , showed a positive result. BlackRock's IBIT recorded a net inflow of $267,8 million. Mini Bitcoin Grayscale's Trust raised $420 from investors.
Spot Ethereum - ETF also noted a modest inflow of $2,8 million. Funds from Bitwise, Fidelity and VanEck showed a positive result, but ETH- ETF from 21Shares and two funds from Grayscale recorded net outflows.
