Recently, the cryptocurrency market has experienced a significant adjustment. On August 1, the Bitcoin exchange-traded fund (ETF) faced its second largest single-day outflow of funds since its launch, totaling $812 million. This phenomenon not only erased the gains of the past week but also reduced the cumulative net inflow to $54.18 billion. Meanwhile, the total assets managed by the ETF shrank to $146.48 billion, accounting for only 6.46% of Bitcoin's market capitalization.
Fidelity's FBTC and ARK Invest's ARKB have become the main targets of fund outflows, redeeming $331.42 million and $327
View OriginalFidelity's FBTC and ARK Invest's ARKB have become the main targets of fund outflows, redeeming $331.42 million and $327