VanEck Bitcoin Trust Sees $15M Outflow Amid Crypto Price Rally
The VanEck Bitcoin Trust's HODL fund saw net outflows of $15.27 million on September 11, representing about 1.34% of its $1.14 billion in assets under management.
This pullback is notable but not destabilizing for the crypto market, which has seen a strong summer with elevated institutional interest and spot market volumes.
The price of BTC-USD remains high at $76,755.85, up 19.8% over the past three months, despite some profit-taking by investors who may be locking in gains rather than abandoning Bitcoin entirely.