A net outflow occurred yesterday after four consecutive days of inflow into the U.S. spot Bitcoin exchange-traded fund (ETF).
The main reason was Grayscale’s GBTC spot ETF, which saw net outflows of over $303 million per day. All other Bitcoin ETFs saw net inflows (led by Bitwise). Bitcoin BTC
-0.38%
Combined, this brings total net outflow from spot Bitcoin ETFs to nearly $224 million.
Last week, Bitcoin reached nearly $1 billion. flow In US Bitcoin ETFs — BlackRock’s products took the lion’s share.
Overall, cumulative spot Bitcoin ETF trading volume has declined at a steady pace since peaking in early March.
According to The Block’s Bitcoin price page, the price of Bitcoin is currently above $70,500.
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