Crypto
ARK's Bitcoin ETF Sees $41.96M Outflow Amid Rally Cautiousness
ARK's Bitcoin ETF saw a significant outflow of $41.96 million on September 15, trimming its assets under management to about $2.54 billion.
This move represents roughly 1.65% of AUM, signaling investor profit-taking after a strong summer for Bitcoin-linked products.
The related asset, BTC-USD, is currently trading at $75,959.93, up about 15.16% over the past three months due to institutional adoption and macro hedging demand.
However, short-term technical signals suggest traders are weighing whether the latest leg of the rally has run its course, with a 1-day Hold signal flashing caution.