Crypto
Crypto Market Sees Heavy Outflows, DOGE Trading Volume Skyrockets
The cryptocurrency market saw significant developments as spot Bitcoin ETFs experienced $225 million in net outflows, while Dogecoin's trading volume increased by a staggering 123%.
According to SoSoValue, BlackRock's IBIT was the largest contributor to these outflows, with a single-day net outflow of $202 million. In contrast, Morgan Stanley's MSBT saw a net inflow of $5.0108 million, bringing its historical total to $400 million.
The cumulative historical net inflow for all Bitcoin spot ETFs stood at $51.626 billion, indicating continued long-term institutional interest despite recent outflows.