Bloomberg: Bitcoin ETF outflows suspected to be injected into traditional U.S. stock trust funds

Odaily News According to data compiled by Bloomberg, Bitcoin ETFs have seen outflows of about $2.1 billion for six consecutive days, the longest outflow cycle since June last year. Fidelity Wise Origin Bitcoin Fund (FBTC) and iShares Bitcoin Trust ETF (IBIT) are the two funds with the largest outflows. Despite the outflows of funds from Bitcoin ETFs, investors took advantage of the recent sell-off in U.S. stocks to inject nearly $7 billion into Invesco QQQ Trust (QQQ) and SPDR S&P 500 ETF Trust (SPY) in a single day. (bnnbloomberg)