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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 ETFs see $400 million of outflows in two days as institutional investors take a cautious approach to the cryptocurrency market. Meanwhile, Shiba Inu is making headlines as it looks to surge toward a $0.0001 price, just after a couple of successful breakouts.
However, alongside these rapidly evolving offerings, the new meme-inspired cryptocurrency Yeti Ouro has surged ahead, with an exciting 20% bonus starting on the 18th of November until the 25th.
Bitcoin ETFs record $400m outflows amid market fluctuations
Bitcoin exchange-traded funds (ETFs) have suffered notable outflows, $400.7 million of which was withdrawn on Thursday, and $239.6 million on Friday. The back-to-back red sessions were no deterrent to the market, which still ended the week with net inflows of $1.8 billion, buoyed by its strong returns earlier in the week. iShares Bitcoin Trust (IBIT) of BlackRock led inflows, adding $2.02 billion during the same period.
Goldman Sachs’s latest filing with the U.S. Securities and Exchange Commission (SEC) confirmed that their Bitcoin ETF portfolio has expanded, now standing at $718 million. It holds substantial holdings in BlackRock’s IBIT, worth $461 million, and Fidelity’s Wise Origin Bitcoin Fund, worth $96 million. These institutional investments, say market experts, demonstrate constant confidence in Bitcoin ETFs despite short-term outflows.
The price of Bitcoin rose to $91,293 up 2.4% this week as price moves reactively to broader market moves. 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.
SHIB aims for $0.0001 as whales, retail investors drive activity
Shiba Inu is on the brink of a breakout, fueled by increased activity from both retail investors and whales. The token’s price has surged 50% in the past week, trading around $0.00002536. Analysts believe SHIB could erase another zero and potentially climb to $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, marking a record-breaking surge in activity. Large holders remain active, with $145.37 million worth of SHIB moved in high-value transactions over the past 24 hours.
Yeti Ouro presale attracts investors with unique utility
Yeti Ouro, a new player in the meme coin market, is gaining traction in its presale and is offering a limited-time 20% bonus on all 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 and appealing to long-term investors. A recent video by the Yeti Ouro team that showcases the journey of developing Yeti Go, captures 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.
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Disclaimer
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