Significant ETF Withdrawals for KLMT and SBIT

Avatar photo

Significant Withdrawals Observed in Major ETFs

In the latest analysis by ETF Channel, the Invesco MSCI Global Climate 500 ETF faced the most considerable outflows this week with a reduction of 19,500,000 units, equating to a 30.0% drop compared to the previous week. Notably, Apple shares dipped about 1.1%, while Microsoft shares fell by approximately 0.6% during morning trading.

Additionally, the ProShares UltraShort Bitcoin ETF also saw a significant percentage decline. It lost 1,960,000 units, marking a 30.3% decrease in outstanding units from the prior week.

KLMT, SBIT: Big ETF OutflowsVIDEO: KLMT, SBIT: Big ETF Outflows

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The free Daily Market Overview 250k traders and investors are reading

Read Now