"Bitcoin ETFs extended their outflow streak, shedding $93.9 million even as Morgan Stanley's much-anticipated MSBT made a strong first impression. The debut fund drew $30.6 million in inflows with its management fee of 0.14%, the lowest among all bitcoin ETFs, making it an attractive proposition in a market searching for direction."
"Blackrock's IBIT led inflows with $40.38 million, reinforcing its position as a consistent anchor for demand. Combined with MSBT's debut, the inflow side showed clear signs of life. But it was not enough to counterbalance the selling pressure elsewhere."
"Fidelity's FBTC recorded a sharp $79.12 million outflow, while Ark & 21Shares' ARKB followed with $74.70 million in exits. Grayscale's GBTC added another $11.10 million in outflows. The imbalance tipped the day firmly into negative territory."
Bitcoin exchange-traded funds (ETFs) continued to face outflows, losing $93.9 million overall. Morgan Stanley's new fund, MSBT, attracted $30.6 million, but this was insufficient to counteract the broader trend. Blackrock's IBIT saw inflows of $40.38 million, while Fidelity's FBTC experienced a significant outflow of $79.12 million. Ether ETFs lost $18.6 million, and Solana saw a modest exit of $1.9 million. The overall trading volume reached $3.04 billion, indicating uneven demand in the market.
Read at news.bitcoin.com
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