Bitcoin ·
Bitcoin ETFs return to inflows as BlackRock’s IBIT sees withdrawals
NewsETF FLOWSBitcoin ETFs see inflows as BlackRock’s IBIT sees withdrawalsU.S. spot Bitcoin ETFs took in a net $74.6 million on Nov. 4, according to Farside data cited by crypto.news. Fidelity’s FBTC took in $236.7 million while BlackRock’s IBIT saw $201.2 million in net withdrawals. One positive day ended an outflow streak, but the split between funds gives little evidence of a broad recovery in demand.
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Tito G’s take
Tito G welcomed the return to net inflows after several negative sessions, but called sentiment mixed because major funds were moving in opposite directions.