Coin Edition -
- Bitcoin ETFs see three consecutive days of outflows, totaling $742 million.
- Grayscale’s GBTC leads the negative trend with a $386.6 million outflow recorded on Wednesday.
- Yet, since its inception, U.S. Bitcoin ETFs have accumulated $11.42 billion in net inflows.
Funds to Bitcoin spot exchange-traded funds (ETFs) have witnessed the third day of consecutive negative flow amid Bitcoin’s recent downturn. In a post on X, market tracker Spot On Chain called attention to the negative flow trend of the Bitcoin ETFs. Per the disclosure, the crypto ETFs have seen a net loss of $742 million in the last three days.