October 4, 2024 – Recent data from Trader T indicates that the U.S. Bitcoin spot Exchange-Traded Fund (ETF) experienced a net outflow of $54.03 million yesterday. This trend highlights the ongoing volatility in the cryptocurrency market, as investors reassess their positions.
Interestingly, despite the overall outflow, the BlackRock IBIT ETF recorded a net inflow of $35.88 million. This suggests that investors are selectively reallocating their assets, with some still showing confidence in specific Bitcoin investment vehicles amid broader market fluctuations.
