BlackRock Spot Bitcoin ETF Records First Net Outflows Since May 1 As Bitcoin Drops Below $60K And ETFs Extend Outflow Streak

CoinMarketCap08-30

BlackRock’s spot Bitcoin ETF (exchange-traded fund) recorded its first net outflow since May 1 yesterday as the 12 BTC funds extended their negative flow streak to 3 days and the leading crypto ...

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Capital continued to flow out of Grayscale’s GBTC after $22.86 million left the fund’s reserves on Aug. 29. Similarly, Fidelity’s FBTC suffered net outflows of $31.11 million, while Bitwise’s BITB and Valkyrie’s BRRR posted respective outflows of $8.09 million and $1.68 million.The only spot Bitcoin ETF that recorded net inflows yesterday was Ark and 21Shares’ ARKB. This is after investors poured $5.34 million into the fund.Bitcoin Drops Below $60K, Analyst Predicts Bullish Move After PCE Release. Best Crypto to Buy Now August 30 – Conflux, Ondo, Stacks","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","BK4550":"红杉资本持仓","BTCW":"WisdomTree Bitcoin Fund","DEFI":"Hashdex Bitcoin ETF","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4551":"寇图资本持仓","FDN":"First Trust Dow Jones Internet I","BK4547":"WSB热门概念","HODL":"VanEck Bitcoin Trust ETF","IBIT":"iShares Bitcoin Trust","BK4112":"金融交易所和数据","FBTC":"Fidelity Wise Origin Bitcoin Fund","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BITB":"Bitwise Bitcoin ETF","BK4539":"次新股","BK4516":"特朗普概念","BK4023":"应用软件","BK4554":"元宇宙及AR概念","BITO":"ProShares Bitcoin Strategy ETF ","BK4594":"比特币ETF概念","BK4585":"ETF&股票定投概念","BK4595":"比特币概念","GBTC":"Grayscale Bitcoin Trust","BLK":"贝莱德","BK4535":"淡马锡持仓","ARKB":"ARK 21Shares Bitcoin ETF","BRRR":"Valkyrie Bitcoin Fund","EZBC":"Franklin Bitcoin ETF","BTCO":"Invesco Galaxy Bitcoin ETF"},"translate_title":"随着比特币跌破6万美元且ETF延续流出势头，BlackRock Spot比特币ETF录得自5月1日以来首次净流出","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FBTC":1,"BRRR":1,"BLK":1,"BTCO":1,"BTCW":1,"DEFI":1,"EZBC":1,"FDN":1,"GBTC":1,"HODL":1,"IBIT":1,"BITO":1,"BITB":1,"ARKB":0.75},"content_text":"BlackRock’s spot Bitcoin ETF (exchange-traded fund) recorded its first net outflow since May 1 yesterday as the 12 BTC funds extended their negative flow streak to 3 days and the leading crypto dropped below $60K.\nBlackRock’s IBIT, which is the largest spot Bitcoin ETF by net assets, recorded $13.51 million in net outflows on Aug. 29, according to data from SosoValue.\n\nARKB The Only Spot Bitcoin ETF To Record Net Inflows Yesterday\nCapital continued to flow out of Grayscale’s GBTC after $22.86 million left the fund’s reserves on Aug. 29. Similarly, Fidelity’s FBTC suffered net outflows of $31.11 million, while Bitwise’s BITB and Valkyrie’s BRRR posted respective outflows of $8.09 million and $1.68 million.\nThe only spot Bitcoin ETF that recorded net inflows yesterday was Ark and 21Shares’ ARKB. This is after investors poured $5.34 million into the fund. \nIn addition to the net outflows, the funds also saw their collective trading volumes drop. Data shows that trading activity across the 12 funds fell to $1.64 billion. This was a decrease from the $2.18 billion volumes recorded the day before.\nBitcoin Drops Below $60K, Analyst Predicts Bullish Move After PCE Release\nOver the past 24 hours, the Bitcoin price dropped below the psychological $60K mark to trade at $59,457.09 as of 7:17 a.m. EST. Despite this recent retracement, there is still the possibility that the leading crypto will start grinding to the upside soon, according to renowned trader and analyst Michael van de Poppe.\n\n#Bitcoin is still acting in between crucial levels.\nHowever, I suspect we will be grinding upward after today's PCE data.\nThe crucial level to break upwards is $61K. pic.twitter.com/fJDbjycZ3q\n— Michaël van de Poppe (@CryptoMichNL) August 30, 2024\n\nIn an Aug. 30 X post, van de Poppe said that BTC “is still acting in between crucial levels.” Following the release of the Personal Consumption Expenditures (PCE) data today, he believes that Bitcoin will start “grinding upward.” He also highlighted the $61K price point as a key barrier that the crypto will need to rise above for a sustained upward move.\nRelated Articles:\n\nBest Altcoins to Invest In: Unveiling Top Picks for Maximum Returns!\nTesla CEO Elon Musk Beats Dogecoin Manipulation Lawsuit\nBest Crypto to Buy Now August 30 – Conflux, Ondo, Stacks","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.26.4","shortVersion":"4.26.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2463318739"}