Bitcoin ETFs Drain Funds Amid Market Stagnation
Fidelity's Bitcoin ETF saw the largest outflows among all such funds, totaling $389.7 million in recent trading.
This reversal comes as Bitcoin continues to trade within a narrow price range, causing some market observers to speculate about potential volatility and future price movements.
Despite this stagnation, corporate holders Metaplanet and Strategy remain steadfast in their support for Bitcoin, citing its long-term prospects.