Spot Bitcoin ETFs see $80m net outflows on Thursday
Investor interest in newly launched spot Bitcoin ETFs seems to wane, as another $80 million net outflow was recorded yesterday. According to Bloomberg reports, Bitcoin ETFs witnessed an approximately $270 million inflow on Wednesday. However, factoring in the withdrawals from Grayscale Investment’s Bitcoin ETF, the net outflow s totaled about $153 million on that day. The trend continued today with a $80 million net outflow , marking the fourth straight day of net withdrawals across these 10 funds. These outflow s were solely from the Grayscale Bitcoin Trust (GBTC), which transitioned into an ETF following the green light from the U.S. Securities and Exchange Commission. Since its transformation into an ETF on Jan. 11, GBTC, active for over a decade, has seen approximately $4.8 billion withdrawn. You might also like: Tokens surge double digits as Bitcoin shrugs GBTC stream Bitcoin Spot ETF Flow – Day 10 Data out for all providers $80m net outflow for day 1...