tl;dr
Bitcoin ETFs in the U.S. experienced their fifth consecutive day of outflows, with losses totaling over $900 million for the week. Grayscale's GBTC and Fidelity's FBTC led the outflows, while BlackRock's IBIT was the only ETF to record net inflows. The outflow activity is the worst since late April,...
Bitcoin ETFs in the U.S. experienced their fifth consecutive day of outflows, with losses totaling over $900 million for the week. Grayscale's GBTC and Fidelity's FBTC led the outflows, while BlackRock's IBIT was the only ETF to record net inflows. The outflow activity is the worst since late April, with $1.2 billion in total net outflows.
Data tracked by SoSoValue shows that the 11 listed ETFs lost $140 million on Thursday, with $1.1 billion in trading volumes. Grayscale’s GBTC led outflows at $53 million followed by Fidelity’s FBTC at $51 million. BlackRock’s IBIT, the biggest ETF by assets held, was the only product that recorded net inflows at $1 million.
This outflow activity is the worst since late April, which saw $1.2 billion in total net outflows in trading sessions from April 24 to May 2. BTC prices have generally suffered in the past few weeks amid $1 billion in sales from large holders, dollar strength, and a strong U.S. technology index market.
More about ASE Industrial Holding Co Ltd ADR
ASE Industrial Holding Co Ltd ADR Summary
Sector: MANUFACTURING
Industry: SEMICONDUCTORS & RELATED DEVICES
Market Cap: $25.46 billion
Current Price: $23.58
PE Ratio: 5.2
EPS: $0.5
ROE: 271.43%
Dividend Yield: 0.0541
Revenue: $583.83 billion
Debt to Equity: 9.9
Net Margin: -1.9%
Operating Margin: 1.5%