Crypto · 1 min read
Bitcoin funds lose $2.35 billion in two weeks
Traders pulled money from digital coin funds as prices dropped below $70,000 on Friday.
Digital coin funds recorded $2.35 billion in net withdrawals over two consecutive weeks, according to data from Farside Investors, a firm that tracks fund flows. The drop came as Bitcoin fell below $70,000 on Friday. BlackRock's iShares Bitcoin Trust accounted for $143.5 million of Friday's withdrawals, extending its losing streak to 11 straight days.
Fidelity's Wise Origin Bitcoin Fund also shed $41.9 million on Friday. The latest losses brought BlackRock's total withdrawals during the streak to about $2.35 billion.
Reported and written by MYB News.
Figures as reported by Cointelegraph.
