Area Bitcoin ETFs See Massive Outflows as First Anniversary Rolls Around
United States Spot Bitcoin ETFs mark their very first anniversary amidst considerable outflows amounting to over half a billion USD, with BlackRock's IBIT and Fidelity's FBTC leading the current trading volume of US$ 3.5 billion.
The ETFs' launch day in January 2024 saw favorable inflows of US$ 655.3 million led by Bitwise, contrasting dramatically with existing market conditions where all funds are experiencing net outflows.
Bitcoin's cost has actually doubled from its preliminary ETF launch cost of US$ 46-47K to present levels of US$ 92,690, showing strong efficiency regardless of the current ETF outflows.
Here's an often-used expression that still proves out: how time flies. Yes, it's real; it's now 2025. We've all aged, however that's not the only modification. The United States...
