US Bitcoin ETFs see $430M outflows as price climbs above $76K
US spot Bitcoin exchange‑traded funds recorded net outflows of $430.2 million on November 5. The withdrawals coincided with a selloff in technology stocks.
Briefs below draw on Cryptonews.com reporting and at least one other publisher.
US spot Bitcoin exchange‑traded funds recorded net outflows of $430.2 million on November 5. The withdrawals coincided with a selloff in technology stocks.
Binance said it will restart withdrawals within days after a hack described as the biggest on record. The exchange assures users that deposits remain operational and that funds are safe.
Ripple secured an investment grade rating from Moody's for its RLUSD stablecoin. Moody's assigned A2 long term and P 1 short term deposit ratings to RLUSD.
US spot XRP ETFs have recorded 13 consecutive weeks of net inflows, according to SoSoValue data. Cumulative net inflows reached $1.80 billion.
BlackRock's iShares Bitcoin Trust recorded a $65.4 million net outflow on October 12, while every other US spot Bitcoin ETF posted zero net flows.
Bitcoin slipped to roughly $83,050 on Monday afternoon in Asia, down 1.8% over 24 hours. The drop followed U.S.