Quick Take Farside data shows that on May 1, Bitcoin exchange-traded funds (ETFs) suffered a record $563.7 million outflow – the worst single-day performance since their inception. This massive capital exodus marked the sixth consecutive trading day of withdrawals, aligning with Bitcoin’s over 20% plunge from its all-time high. BlackRock’s IBIT saw its first redemption […]
The post Fidelity Bitcoin ETF’s $191 million outflow surpasses Grayscale as BlackRock records first redemptions appeared first on CryptoSlate.
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