BTC Slumps Following a $218 Million Daily Net Outflows From Several ETFs

• Data from Soso Value shows there was a $218 million net outflow from Bitcoin ETFs last Thursday.
• GBTC recorded the highest outflow, accounting for $139 million of the total outflow.
• FBTC and BRRR recorded daily net outflows for the first time.

Data from Soso Value, the leading ETF analytics platform, shows a $218 million net outflow from Bitcoin ETFs last Thursday. A report from the renowned Chinese crypto journalist Colin Wu showed that Grayscale’s GBTC accounted for $139 million of Thursday’s outflow, making it the ETF with the highest outflow in the day.

According to SoSoValue, the total net outflow from Bitcoin spot ETFs was $218 million yesterday.

Grayscale ETF GBTC had a net outflow of $139 million, Fidelity ETF FBTC had a net outflow of $22.61 million, and Valkyrie ETF BRRR had a net outflow of $20.16 million, marking the… pic.twitter.com/PhmFgEb9ng

— Wu Blockchain (@WuBlockchain) April 26, 2024

Furthermore, Wu’s report revealed that the Fidelity ETF (FBTC) had a net outflow of $22.61 million, and the Valkyrie ETF (BRRR) had a net outflow of $20.16 million. It is essential to note that Thursday’s records marked the first time FBTC and BRR…

The post BTC Slumps Following a $218 Million Daily Net Outflows From Several ETFs appeared first on Coin Edition.