The funds negotiated in exchange for Bitcoin (ETF) have been faced with heavy outings, investors drawing billions from the market in recent weeks. Recent data show that FNB Bitcoin Spot US recorded more than $ 900 million in net outputs in just one week. In the past five weeks, total outings have reached $ 5.5 billionshowing a change in the feeling of investors.
Investors withdraw $ 5.5 billion from the market
FNB Bitcoin have experienced a strong start, but things have changed in recent weeks. The funds have now seen their longest period of outings since their launch in January of last year. Many investors choose to leave the market due to growing uncertainty.
A key reason behind that The trend is recent policy of the American president Donald Trump. Although he has shown support for crypto, investors seem more concerned about his aggressive trade policies and potential economic uncertainty.
This has led to a wider sale in risky assets, including Bitcoin and other cryptocurrencies.
The biggest Bitcoin ETF have struck
Among the 12 ETF Bitcoin in the United States, the Ibit of Blackrock experienced the biggest withdrawals, with net outings of $ 338.1 million in just a week. The FIDLY FBTC followed closely, losing $ 307.4 million.
Other funds, including Arkb d’Ark, the BTCO of Investo, the EZBC of Franklin Templeton and the Wisdomtree BTCW, also recorded losses ranging from $ 33 million to $ 81 million.
On the other hand, the Graycale GBTC was the only fund to record net entries, adding $ 5.5 million. Meanwhile, Bitb de Bitwise, Brrr de Valkyrie and Hodl de Vaneck saw minor outings of less than $ 4 million each.
The price of bitcoin is struggling to recover
Meanwhile, the price of Bitcoin himself was under pressureExchanging below $ 84,000 and showing little movement in the last 24 hours. However, the larger trend remains fucked, Bitcoin has dropped by almost 17% since the end of January.
Even if Ethereum has also undergone exchanges below $ 2,000 and struck three months in the middle of the low feeling of the market.
What is the next step for Crypto ETF?
Despite these challenges, asset managers continue to put pressure for new FNB Crypto. Some companies have requested funds based on cryptocurrencies such as XRP, Litecoin, Cardano, Polkadot and Solana. If they are approved by Securities and Exchange American Commission (SEC), these funds could help to arouse new interest in the cryptography market.
Although FNB Bitcoin now have difficulties, positive news or a change in the feeling of investors could soon lead to a strong recovery.
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Faq
Yes, Bitcoin is under pressure, negotiating below $ 84,000 and lowering almost 17% since the end of January in the middle of the low feeling of the market.
If they are approved, FNB for assets like XRP, Litecoin and Solana could renew the interests of investors and potentially stimulate the cryptography market.