Bitcoin ETFs Hit Turbulence with $16M Net Outflow!

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The Bitcoin ETF landscape saw a significant shift, with a net outflow of $16 million on May 7, 2024, disrupting two days of positive inflows. Grayscale’s GBTC led the outflow, shedding $28.6 million, marking a sharp reversal from its recent gains. Other key players, like BlackRock’s IBIT, remained stagnant with zero flow. This slowdown indicates a cooling interest or potential reevaluation by investors after recent volatile sessions