CoinShares: Altcoins Defy Trends As Bitcoin Faces $600M in Outflows – What’s Next?

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CoinShares: Altcoins Defy Trends As Bitcoin Faces $600M in Outflows – What’s Next? - NewsBTC

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Bitcoin ETFs See Mixed Fortunes Despite a steady increase in the overall net inflows into US spot Bitcoin exchange-traded funds (ETFs), which reached $15.11 billion in recent weeks, the sector experienced a downturn last week with a net outflow of $190 million per day, based on data from SoSoValue.

Related Reading: Metrics Signal Bitcoin Price Increase – But When Is Anyone’s Guess Market Shifts: BTC Faces Major Outflows While Some Altcoins Attract Investment So far, this fluctuation in Bitcoin’s price is part of a broader pattern of volatility that has characterized the digital currency market.

Cohen added that the iShares Bitcoin Trust (IBIT) is one of the ETFs launched this year, attracting attention from individual investors and hedge funds and brokerages, as indicated in the recent 13-F filings.