From the Blackmint News archive. Prices and details may have changed since publication.
Bitcoin ETFs Finish the Week $301 Million Ahead Despite Two Red Days
U.S. spot bitcoin ETFs lost $137.9 million on Friday but still took in a net $301.2 million for the week, Farside data shows.
U.S. spot bitcoin ETFs took in a net $301.2 million this week, Farside Investors data shows. That's after investors pulled money on both Thursday and Friday.
Friday's exits came to $137.9 million. That's about a fifth of Thursday's $635.6 million.
Three green days, two red
- Monday: +$526.7 million
- Tuesday: +$23.2 million
- Wednesday: +$524.8 million
- Thursday: -$635.6 million
- Friday: -$137.9 million
BlackRock's IBIT accounted for $110.3 million of Friday's outflows and Fidelity's FBTC for $31.8 million. MSBT was the only fund with new money, at $4.2 million. Every other fund was flat.
Over five days, IBIT still added about $565.7 million. FBTC lost about $116.6 million. Total net inflows since the funds launched stand near $57.25 billion, per Farside.
The money left as price slipped
The outflows lined up with bitcoin's slide toward the average price ETF holders paid. Glassnode puts that cost basis near $82,313, CoinDesk reported. Bitcoin traded near $80,780 at 11:54 p.m. ET Friday, per CoinGecko.
Our read: a rough finish to a decent week. The ledger still closed in the black.
Sources: Farside Investors · CoinDesk · CoinGecko
Revisions
First published .
No revisions since publication.
We fix errors and say so. See every correction on the Blackmint corrections page.