Bitcoin ETFs (BTC) Witness Significant Decline After Record Surge Due to FED Influence

• Spot Bitcoin exchange-traded funds (ETFs) in the United States witnessed a net outflow of $34.4 million on Thursday.
• This slowdown in outflows comes after a record-breaking day of outflows the previous day.
• Grayscale’s GBTC was the only ETF to record a net fund outflow of $55 million on Thursday.

Spot Bitcoin ETFs in the US experienced a net outflow of $34.4 million on Thursday, marking a slowdown in comparison to the previous day’s record outflows. Grayscale’s GBTC was the only ETF to record a net fund outflow of $55 million on the same day.

Daily Outflows in Spot Bitcoin ETFs Decrease

According to SoSoValue data, Grayscale’s GBTC, which has been consistently experiencing outflows, was the only ETF to record a net fund outflow on Thursday, totaling $55 million. In contrast, Ark Invest’s ARKB led the daily net inflows with an entry of $13 million. Spot Bitcoin ETFs from Franklin Templeton, Valkyrie, Invesco, and Galaxy Digital reported smaller amounts of net entries,... Read the full article for FREE at COINOTAG!