Bitcoin Tops $67.5K Despite $200M Outflows from Spot ETFs
Benzinga1 min read90 views
Bitcoin (BTC) has climbed above $67.5K despite significant outflows from spot exchange-traded funds (ETFs).
Over the past two days, a total net outflow of $200 million was recorded, with Grayscale's Bitcoin Trust (GBTC) seeing a single-day outflow of $121 million.
This continues a trend of outflows for GBTC, which has experienced the highest cumulative outflows among Bitcoin spot ETFs since its launch.
The outflows coincide with increased regulatory scrutiny and developments in the cryptocurrency sector.
Despite the outflows, Bitcoin has rebounded and is currently trading around $67,700.
- #Bitcoin
- #Cryptocurrency
- #Spot ETFs
- #Grayscale Bitcoin Trust
- #Market Outflows
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