Crypto
Crypto Market Update: Bitcoin ETFs See Massive Outflows as Dogecoin Trading Volume Soars
Bitcoin ETFs saw significant net outflows of $225 million last week. The biggest contributor to this decline was BlackRock's IBIT ETF, which experienced a single-day net outflow of $202 million.
The cumulative historical inflow for all Bitcoin spot ETFs remains above $51.6 billion, indicating continued long-term institutional interest.
In contrast to the declining Bitcoin market, Dogecoin saw a surge in trading activity, with its 24-hour spot volume increasing by over 123% and futures volume reaching nearly $1.5 billion.