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Bitcoin Bloodbath: 128 Million Dollars Vanish Into Thin Air as Investors Abandon Ship, Arkb Left Scrambling With $101m Divestment

A cartoonish illustration depicting a sinking ship (ARKB) amidst stormy waters with waves crashing against it, while other ships nearby remain calm. A massive wave is shown sweeping away coins labeled 'BTC' from ARKB's deck.

Crypto’s latest tantrum: Investors lose faith (and money) as Bitcoin ETFs hemorrhage cash.

Source: bitcoin.com

On Tuesday, spot bitcoin exchange-traded funds (ETFs) experienced their first outflows after an eight-day run of inflows. The group of funds saw $127.05 million withdrawn, with ARKB taking the brunt of the losses, shedding $101.97 million. Ether ETFs also saw declines, though their losses were less significant compared to their bitcoin counterparts. Metrics from sosovalue.xyz reveal that Tuesday was a tough day for the 12 spot bitcoin ETFs, with net […]

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