Spot crypto ETFs see heavy outflows as banks add Bitcoin ETF exposure
Bitcoin ETFs lost about $2B over seven trading days and Ether ETFs about $1B in two weeks. Barclays and Citi increased spot Bitcoin ETF holdings in Q3 filings.
What we know
An analyst noted BTC ETFs saw $2B of outflows in seven trading days and ETH ETFs about $1B in two weeks. CoinDesk reported that Barclays' IBIT holdings rose 48% to $187M in Q3 while Citi added a $119M FBTC position, with banks at 4.9% of reported spot BTC ETF holdings among early filers. One chart shows Bitcoin net shorts at their highest since the July 1 bottom. An unconfirmed post claims Deutsche Bank is preparing BTC and ETH custody for institutions.
Sources
“Barclays' $IBIT holdings up 48% in Q3 to $187M”
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“BTC has seen -$2B in outflows in the past 7 trading days alone.”
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