- 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.
SoSoValue: Total net outflows from Bitcoin spot ETFs yesterday were $223 million. Grayscale ETF GBTC saw a single-day net outflow of $303 million. The Bitcoin spot ETF with the largest single-day net inflows was Bitwise ETF NYSE, with a single-day net inflow of approximatel…The post Bitcoin ETFs Experience Massive Outflows As Grayscale Bleeds $303M appeared first on Coin Edition.