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Bitcoin ETFs See Third-Day Bleeding, Shedding $742M Amid BTC Crash

Published 21/03/2024, 09:41
© Reuters Bitcoin ETFs See Third-Day Bleeding, Shedding $742M Amid BTC Crash
BTC/USD
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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.

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