• GBTC’s significant outflow signals shifting investor sentiment towards Bitcoin spot ETFs.
• Despite GBTC’s outflows, new ETFs contributed to a net increase in Bitcoin holdings.
• Bitwise BITB ETF emerges as a top performer amidst overall weak ETF inflow figures.

Total net outflows from Bitcoin spot ETFs reached $223 million yesterday, marking a significant shift in capital movement within the cryptocurrency investment sphere. As per Wu Blockchain, an analytic firm, among the notable changes, Grayscale ETF GBTC experienced a substantial single-day net outflow of $303 million, indicating a noteworthy departure of funds from this particular avenue. 

Conversely, the Bitwise ETF NYSE emerged as a standout performer, witnessing a single-day net inflow of approximately $40.33 million, showcasing investor confidence in this asset class.

The post Bitcoin ETFs Experience Massive Outflows As Grayscale Bleeds $303M appeared first on Coin Edition.

• GBTC’s significant outflow signals shifting investor sentiment towards Bitcoin spot ETFs.
• Despite GBTC’s outflows, new ETFs contributed to a net increase in Bitcoin holdings.
• Bitwise BITB ETF emerges as a top performer amidst overall weak ETF inflow figures.

Total net outflows from Bitcoin spot ETFs reached $223 million yesterday, marking a significant shift in capital movement within the cryptocurrency investment sphere. As per Wu Blockchain, an analytic firm, among the notable changes, Grayscale ETF GBTC experienced a substantial single-day net outflow of $303 million, indicating a noteworthy departure of funds from this particular avenue. 

Conversely, the Bitwise ETF NYSE emerged as a standout performer, witnessing a single-day net inflow of approximately $40.33 million, showcasing investor confidence in this asset class.

The post Bitcoin ETFs Experience Massive Outflows As Grayscale Bleeds $303M appeared first on Coin Edition.