Major ETF Outflows: SPDR Bloomberg and BTCZ Take a Hit
The latest data from ETF Channel reveals significant changes in ETF unit counts over the past week, highlighting notable trends in the market.
The SPDR Bloomberg 1-3 Month T-Bill ETF faced the largest outflow, experiencing a decrease of 4,150,000 units. This marks a 1.0% decline in outstanding units compared to the previous week.
On a percentage basis, the BTCZ ETF saw an even steeper drop, losing 310,000 units. This reduction translates to a substantial 33.3% decrease in its outstanding units over the same period.
VIDEO: BIL, BTCZ: Significant ETF Outflows
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