Thursday, 2 May 2024

US Spot Bitcoin ETFs Report 5 Straight Days of Outflows, Totaling $635 Million

by BD Banks

US Spot Bitcoin ETFs Report 5 Straight Days of Outflows, Totaling 5 MillionOn Tuesday, U.S. spot bitcoin exchange-traded funds (ETFs) registered their fifth consecutive day of net withdrawals, documenting a substantial $161.6 million in negative outflows. Over the last two days, Grayscale’s Bitcoin Trust (GBTC) has offloaded 1,731.56 BTC, diminishing its reserves to 296,713.90 BTC. Bitcoin ETFs Continue to See Persistent Outflows Since April 24, 2024, U.S. […]
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