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Cryptocurrency News Articles

Bitcoin ETFs See $400M in Outflows as Investors Turn Cautious, While Shiba Inu Gains Momentum and New Meme Token Yeti Ouro Attracts Attention With a Limited-Time Bonus

Nov 19, 2024 at 09:27 pm

Bitcoin exchange-traded funds (ETFs) have suffered notable outflows, $400.7 million of which was withdrawn on Thursday, and $239.6 million on Friday.

Bitcoin ETFs See $400M in Outflows as Investors Turn Cautious, While Shiba Inu Gains Momentum and New Meme Token Yeti Ouro Attracts Attention With a Limited-Time Bonus

Bitcoin exchange-traded funds (ETFs) saw outflows of $400.7 million on Thursday and $239.6 million on Friday.

Institutions are showing interest in cryptocurrencies, with Goldman Sachs expanding its Bitcoin ETF portfolio to $718 million.

Shiba Inu is on the verge of breaking out, with a price increase of 50% in the last week and a possibility of reaching $0.0001.

A new meme token, Yeti Ouro, is making waves with a limited-time 20% bonus on all presale purchases.

Bitcoin ETFs saw outflows of $400.7 million on Thursday and $239.6 million on Friday following a record-breaking week of inflows.

The outflows were largely driven by traders reacting to the broader market movements, with crypto prices fluctuating and institutional interest shifting.

Despite the outflows, the market remained upbeat, largely due to strong returns earlier in the week. IShares Bitcoin Trust (IBIT) of BlackRock led inflows with $2.02 billion during the same period.

Goldman Sachs filed an update with the U.S. Securities and Exchange Commission (SEC) revealing that their Bitcoin ETF portfolio has now reached an impressive $718 million.

The majority of these holdings, amounting to $461 million, are in BlackRock's IBIT. Additionally, they hold $96 million in Fidelity's Wise Origin Bitcoin Fund.

According to market experts, these institutional investments indicate a sustained confidence in Bitcoin ETFs despite short-term outflows.

Meanwhile, Bitcoin price rose 2.4% this week to $91,293 as price moved in reaction to broader market activity. Further growth is predicted, and according to analysts, key resistance levels will come in around $95,000 and $100,000 within the next week or so.

Shiba Inu is on the brink of a breakout as increased activity from both retail investors and whales is pushing the token toward a孑魯 يو魯巴output"> breakout. SHIB price has surged 50% in the past week, trading around $0.00002536.

Analysts believe SHIB could erase another zero and potentially reach $0.0001, supported by growing trading volume and technical patterns like the Golden Cross.

On November 14, SHIB recorded 21 trillion transactions in a single day, a record-breaking activity for the token. Large holders remain active, with $145.37 million worth of SHIB moved in high-value transactions over the past 24 hours.

A new player in the meme coin market, Yeti Ouro is gaining traction in its presale with a limited-time 20% bonus on all presale purchases.

Unlike traditional meme tokens, Yeti Ouro combines fun and utility through its play-to-earn (P2E) game, Yeti Go. Players compete in races using Yeti-themed characters, earning rewards in the native YETIO token.

The token's deflationary model includes a burn mechanism to reduce supply over time, creating scarcity that appeals to long-term investors. A recent video by the Yeti Ouro team showcases the journey of developing Yeti Go, capturing the dynamic energy and highly anticipated making of the P2E game.

Yeti Ouro has also gained attention for its community-driven approach, with strong engagement across social media platforms fueling its early success. Built on the Ethereum blockchain, Yeti Ouro’s ecosystem aligns with the growing popularity of blockchain-based gaming and decentralized finance.

With over 500k already raised in presale, the project is positioning itself as a top contender in the meme coin space, rivaling established tokens like Shiba Inu and Dogecoin.

As investors seek high-growth opportunities in the crypto market, Yeti Ouro's combination of utility, community focus and gameplay is capturing interest. Its presale success reflects the broader appetite for new projects with high return potential.

To learn more about Yeti Ouro Community, visit the website, Twitter, Telegram and Discord.

News source:crypto.news

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