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The daily net flow of Bitcoin ETFs in the U.S. as of August 29, 2024, showcases the dynamic movements within the market. Leading the holdings is BlackRock’s IBIT with 357,737 BTC, maintaining a steady position with zero net inflow or outflow. Grayscale’s GBTC, however, has seen a reduction, reporting a net outflow of 304 BTC.
Fidelity’s FBTC ETF also experienced a decrease, with a net outflow of 175 BTC. Conversely, Invesco’s Galaxy BTCO ETF recorded a positive movement, gaining an additional 23 BTC.
Other notable ETFs like ARK Invest’s ARKB and Bitwise’s BITB saw significant outflows of 999 BTC and 147 BTC, respectively. Meanwhile, ETFs such as VanEck’s HODL and Valkyrie’s BRRR reported no changes in their holdings.
In total, these ETFs hold 914,361 BTC, with a combined net outflow of 1,602 BTC. This results in a market value adjustment of approximately -$96.7 million, reflecting shifting preferences and strategies among investors in U.S. Bitcoin ETFs and highlighting the fluid nature of cryptocurrency investments.
Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.
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