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$BTC
{future}(BTCUSDT)
Bitcoin spot ETFs recorded a sharp net outflow of $486 million on January 7. Fidelity’s FBTC led the move with around $248 million exiting in a single day. BlackRock’s IBIT followed with another
$130 million in net outflows.
Even with this pullback, the total value held across all Bitcoin spot ETFs remains strong. Combined assets still sit above $118 billion, which equals roughly 6.51% of Bitcoin’s entire market cap.
The numbers show that while short-term traders may be taking profits, long-term institutional positioning is still significant.
#MJR786
#BTC #etf
{future}(BTCUSDT)
Bitcoin spot ETFs recorded a sharp net outflow of $486 million on January 7. Fidelity’s FBTC led the move with around $248 million exiting in a single day. BlackRock’s IBIT followed with another
$130 million in net outflows.
Even with this pullback, the total value held across all Bitcoin spot ETFs remains strong. Combined assets still sit above $118 billion, which equals roughly 6.51% of Bitcoin’s entire market cap.
The numbers show that while short-term traders may be taking profits, long-term institutional positioning is still significant.
#MJR786
#BTC #etf
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