Bitcoin ETF Net Outflows Streak Hits Four Days, $836 mn
US spot bitcoin ETFs have experienced four consecutive days of net money withdrawals, the longest streak in their 10 weeks of trading.
The 10 BTC funds experienced net outflows of $94 million, putting the segment’s cumulative bleeding at $836 million so far this week.
However, net outflows from the Grayscale Bitcoin Trust ETF (GBTC) peaked at $642 million, more than offsetting the $452 million of net inflows from the segment’s fastest-growing iShares Bitcoin Trust (IBIT). GBTC’s average daily net outflows in the first four days was $458 million, outpacing the average daily net inflows for BlackRock’s IBIT.
(with inputs from Shikha Singh)
You need to login in order to Like
