Bloomberg: Suspected outflow of Bitcoin ETF funds injected into traditional US stock trust funds
According to data compiled by Bloomberg, Bitcoin ETFs have seen an outflow of about $2.1 billion for six consecutive days, marking the longest period of capital outflows since June last year. Fidelity Wise Origin Bitcoin Fund (FBTC) and iShares Bitcoin Trust ETF (IBIT) are the two funds with the most capital outflows. Despite the capital outflow from Bitcoin ETFs, investors took advantage of recent sell-offs in the U.S. stock market to inject nearly $7 billion into Invesco QQQ Trust (QQQ) and SPDR SP 500 ETF Trust (SPY) in a single day.
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