In the United States, Spot Bitcoin ETFs experienced a significant financial downturn, with a reported outflow of $18.66 million on Tuesday. This development marked an abrupt end to the previously positive trend of two days of inflows.
The impact was notably felt across various funds, with Fidelity's FBTC and Grayscale's GBTC being particularly affected by the outflow. These funds struggled with maintaining positive ingresses, highlighting a broader market sentiment.
Contrasting this trend, BlackRock's IBIT ETF notably registered a positive inflow on the same day. This suggests a divergence in investor confidence and strategy, with some funds evidently retaining attraction despite the overall decline.
