Bitcoin, Ethereum ETFs See Over $50M Net Outflows Despite Fed's 50 Bps Rate Cut

Bitcoin and Ethereum ETFs recorded significant net outflows, despite the U.S. Federal Reserve's announcement of a 50 basis point rate cut. What Happened: Bitcoin (CRYPTO: BTC BTC - $62870.870 spot ETFs had a net outflow of $52.827 million, the first outflow after four days of inflows.

Source: benzinga.com

Related symbols: BTCUSD

2024-09-19 12:40:04 GMT.

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Price & Market Data

Price: $62870.870

Volume 24h: $43,646,289,538.65

Market Cap: $1,242,095,777,332.50

Description

Bitcoin (BTC) is a cryptocurrency launched in 2010. Users are able to generate BTC through the process of mining. Bitcoin has a current supply of 19,756,287. The last known price of Bitcoin is 62,970.2481002 USD and is up 4.53 over the last 24 hours. It is currently trading on 11703 active market(s) with $43,727,270,107.03 traded over the last 24 hours. More information can be found at https://bitcoin.org/.