US Bitcoin ETF sees $100 million net outflow the previous day... 3 consecutive trading days
JOON HYOUNG LEE
Summary
- Farside Investor reported that there was a net outflow of funds from the US Bitcoin spot ETF for three consecutive trading days.
- In particular, it was reported that there was a significant outflow of funds from some ETFs, including a net outflow of $74 million from Grayscale GBTC.
- Bitcoin investors need to carefully monitor the potential impact of these net outflows on the market.
The US Bitcoin (BTC) spot Exchange Traded Fund (ETF) recorded a net outflow for three consecutive trading days.
According to Farside Investor on the 8th, on the 7th (local time), there was a net outflow of $103.9 million (approximately 150 billion KRW) from the US Bitcoin ETF. This marks a net outflow for three consecutive trading days.
Specifically, there was a net outflow of $74 million from Grayscale GBTC. Additionally, there was a net outflow of $12.9 million from Invesco BTCO, $6.2 million from WisdomTree BTCW, $6.1 million from VanEck HODL, and $4.7 million from ARK Investment ARKB.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul![[Exclusive] FSS to examine ZKsync coin that surged '1,000%' in three hours](https://media.bloomingbit.io/PROD/news/1da9856b-df8a-4ffc-83b8-587621c4af9f.webp?w=250)
