✉news BusinessCrypto first seen 1 d ago, last 1 d ago, peak #11
Bitwise's BITB defies outflows as US Bitcoin ETFs shed $261 million
Original: Bitwise's BITB draws $2.2 million as US Bitcoin ETFs shed $261 million
US spot Bitcoin exchange-traded funds saw a combined $261 million in outflows, but Bitwise's BITB bucked the trend by pulling in $2.2 million in fresh inflows. The split shows investors moving in different directions: while most funds faced redemptions, the Bitwise product still attracted buyers. Market watchers are tracking these daily flows closely as a barometer of institutional sentiment toward Bitcoin.
Why now: The contrast between one fund gaining while the broader sector lost over a quarter of a billion dollars highlights diverging investor sentiment in the Bitcoin ETF market.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/2326129