U.S. spot Bitcoin ETFs recorded about $1 billion in net withdrawals across two sessions following the Binance hack. Separately, Citi Wealth’s October report discussed spot funds as one way to add Bitcoin to a brokerage portfolio alongside other assets.
The report discussed spot funds as a way to add Bitcoin exposure to a brokerage portfolio, where they could sit alongside stocks and bonds.
EconoTimes previously reported that withdrawals at Fidelity and Ark & 21 Shares outweighed BlackRock’s additions over the five trading days through Oct. 30, in its account of U.S. spot Bitcoin ETF flows for that period.
