US Spot Bitcoin ETFs see $430.2 million net outflow amid tech stock sell-off
BLK Blackrock Inc
$1214.71 +3.04%
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- 1The sell-off in tech stocks spread to cryptocurrencies, resulting in $430.2 million in net outflows from US spot Bitcoin ETFs on Thursday.
- 2Fidelity and BlackRock accounted for approximately 71% of Thursday's total outflows.
- 3Bitcoin fell to the $76,000 level.
So what's the key point?
As the trend of selling tech stocks spread to cryptocurrencies, $430.2 million flowed out of Bitcoin-related products. Fidelity and BlackRock held a high share of these outflows, and the price of Bitcoin dropped to the $76,000 level.
Source CoinDesk +3 · View original ↗
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