👀 Watchlist Winners: Copy Legendary Investors' Portfolios in One ClickSee Undervalued Stocks

Bitcoin ETFs Experience Massive Outflows As Grayscale Bleeds $303M

Published 04/10/2024, 01:01 AM
Updated 04/10/2024, 01:15 AM
© Reuters.  Bitcoin ETFs Experience Massive Outflows As Grayscale Bleeds $303M

  • GBTC’s significant outflow signals shifting investor sentiment towards Bitcoin spot ETFs.
  • Despite GBTC’s outflows, new ETFs contributed to a net increase in Bitcoin holdings.
  • Bitwise BITB ETF emerges as a top performer amidst overall weak ETF inflow figures.

Total net outflows from Bitcoin spot ETFs reached $223 million yesterday, marking a significant shift in capital movement within the cryptocurrency investment sphere. As per Wu Blockchain, an analytic firm, among the notable changes, Grayscale ETF GBTC experienced a substantial single-day net outflow of $303 million, indicating a noteworthy departure of funds from this particular avenue.

Conversely, the Bitwise ETF NYSE emerged as a standout performer, witnessing a single-day net inflow of approximately $40.33 million, showcasing investor confidence in this asset class.

The post Bitcoin ETFs Experience Massive Outflows As Grayscale Bleeds $303M appeared first on Coin Edition.

Read more on Coin Edition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.