Bitwise Bitcoin ETF Stands Out With $11M Inflows; Bitcoin Shows No Improvement

The post Bitwise Bitcoin ETF Stands Out With $11M Inflows; Bitcoin Shows No Improvement appeared first on Coinpedia Fintech News

The Bitwise spot bitcoin ETFs managed to get a $11.5 million inflow on Wednesday in contrast to Tuesday’s $15.7 million net outflows. On the contrary, Blackrock’s IBIT and Grayscale’s GBTC ETF did not register zero flows. Fidelity Wise’s FBTC, and ARK 21’s ARKB ETF followed similar moves.  The BTC price however did not show any signs of recovery and continued plummeting as it plunged below the $62000 level today. Significant selloffs by long-term BTC investors contributed to the price decline.