Bitcoin ETFs based in the US face heavy outflows.
Australian spot bitcoin ETFs set for ASX listing by 2024.
Last week, there was a notable divergence in Bitcoin Exchange-Traded Funds (ETFs) fortunes, as observed in both the United States and Hong Kong markets.
In the United States, the trend of negative net inflow continues to persist, marking a challenging period for Bitcoin ETFs. Data reveals that the net inflow has plunged to$52 million, extending its downward trajectory over the past four consecutive trading days.
The outflow from major funds such as Grayscale Bitcoin Trust GBTC and ARK 21Shares Bitcoin ETF ARKB underscores a growing sentiment of caution among investors. Notably, the BlackRock iShares Bitcoin Trust IBIT has remained stagnant with zero flow for the same duration, signaling a period of uncertainty in the market.
Conversely, the launch of Bitcoin ETFs in Hong Kong has injected a fresh wave of optimism into the global cryptocurrency sphere. With an innov
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