BTC ETF Inflow Plunges 87%, Crypto Market Confronts Correction

The latest data reveals the lowest net inflows for investment products since July 5. Specifically, the iShares Bitcoin Trust (IBIT) recorded $110.4 million in inflows, while the Fidelity Wise Origin Bitcoin Fund (FBTC) brought in $2.8 million in net inflows.

In contrast, the Grayscale Bitcoin Trust (GBTC) saw $53.9 million in outflows, following two days of zero net flows. The Bitwise Bitcoin ETF (BITB) experienced $6 million in outflows, marking negative momentum for the second time in the past two weeks.

Remaining neutral, all other ETFs indicate the expected correction in the cryptocurrency ecosystem. Currently, the two largest cryptocurrencies are trading at $64,790 and $3,440.