Bitcoin ETFs lose $399M; IBIT's worst day since June
क्या हुआ
US spot Bitcoin ETFs saw total net outflows of $398.6 million on Monday, 2 Nov, according to Farside Investors data (Cointelegraph).
• BlackRock's IBIT alone lost $405.3 million, its biggest one-day outflow since 26 June ($444.5 million)
• Fidelity's FBTC took in $6.7 million
• These ETFs had total net outflows of $515 million in October
• US spot Ether ETFs also lost about $140 million on Monday, their 6th straight trading day of outflows (SoSoValue)
• According to CoinGecko, Bitcoin briefly fell below $76,400 on Monday, its lowest since August; it is down about 3.7% over 7 days
The outflows come amid higher uncertainty after the Binance hack.
इसका मतलब
A spot Bitcoin ETF is a fund that holds real Bitcoin and whose shares trade on the stock market. A net outflow means investors took out more money than they put in.
ETF flows are seen as one signal of big investors' mood, but one or two days of data are not the full picture. Lesson: look at flows over a longer period and alongside other news. This is for understanding only, not buy/sell advice.
सिर्फ़ समझ के लिए, prediction नहीं। यह buy/sell सलाह नहीं है, ख़बर पढ़कर सीधे trade न करें।
Source: cointelegraph.com