Crypto Investors Dump $152 Million from Bitcoin ETFs in 24 Hours: What Next?

🌟 Major Bitcoin ETF Withdrawals: What’s Happening in the Crypto Space? 🚀

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🚨 Wu Blockchain reveals major withdrawals from US Bitcoin spot ETFs, totaling $152 million on June 18. Fidelity’s FBTC and Grayscale’s GBTC see large outflows! 💼📉

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📊 Investors shift away from Bitcoin ETFs with Fidelity’s FBTC leading, recording an $83 million outflow. Grayscale’s GBTC followed with a $62.3 million withdrawal. 📉‼️

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🔍 Historical data shows Grayscale’s GBTC has experienced $18.273 billion in total outflows. Despite this, Bitcoin spot ETFs boast a robust net asset value of $56.056 billion! 💰🔄

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💡 Analyst Willy Woo discusses Bitcoin’s recent price dip. 🪙 Fewer miners and increased paper trading impact prices. More liquidations and trading needed for a bullish momentum! 🚀📉

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#Bitcoin #CryptoNews #Blockchain #Investing #BTC #ETFs #Fidelity #Grayscale #HAL149 #CryptoMarket

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For more info: https://coinpedia.org/news/us-bitcoin-etfs-witness-4th-day-of-outflows-of-152m-fidelity-grayscale-leading/amp/?rand=6477