After a few days of hovering above $66,000, bitcoin (BTC) has dropped to a low of $63,500 amid heightened volatility. Coincidentally (or not), the amount of outflows from the United States spot Bitcoin exchange-traded funds (ETF) market on April 24 hit $120 million. BTC Plunges by 4.5% Data from CoinMarketCap shows that BTC lost roughly […]
Bitcoin ETF Outflows Hit $120M as BTC Price Slipped by $4K Daily Read More »
Bitcoin ETFs collectively experienced the highest outflows yesterday since their January launch, marking the second consecutive day of withdrawals. Consequently, the price of Bitcoin (BTC) faced downward pressure, pushing it below the $61,000 mark momentarily. Bitcoin ETFs See $326M Outflows According to Farside Investors, the total outflows from all nine Bitcoin ETFs reached $326 million
Bitcoin ETF Outflows Hit New Record Driving BTC Below $61,000 Read More »
Last updated: January 29, 2024 05:09 EST | 1 min read Source: AdobeStockNewly released data reported by CoinShares reveals Grayscale’s spot bitcoin ETF (GBTC) saw over $2.2 billion in outflows last week, greatly outweighing the total weekly inflows of its competitors. ETF Outflows are Finally Subsiding According to CoinShares’ report, newly issued spot bitcoin ETFs
