News

U.S. spot Bitcoin ETFs experienced a massive €782 million outflow in one day, with November on track to be the worst month for the products. BlackRock and Fidelity led the exits as Bitcoin’s price fell to a seven-month low, while altcoin ETFs saw inflows.

Bitcoin has dropped over 8% in the past 24 hours, with XRP and other altcoins also facing significant pressure amid market-wide uncertainty and fears of further declines.

While many investors are panic selling, Cathie Wood’s Ark Invest has purchased another $38.7 million in shares of major crypto companies like Coinbase and Circle, doubling down on its strategy of buying the dip.