U.S. spot Bitcoin exchange-traded funds returned to net outflows on Wednesday as investors took profits and repositioned themselves ahead of Fed Chair Jerome Powell’s speech.
According to data from SoSovalue, the 12 spot Bitcoin ETFs recorded $470.71 million in net outflows on Oct. 29, ending a streak of consecutive inflows seen over the prior four days that drew in around $462.7 million into the funds.
Fidelity’s FBTC and ARK 21Share’s ARKB led the outflows with $164.36 …
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