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BTC Slumps Following a $218 Million Daily Net Outflows From Several ETFs

Published 04/26/2024, 10:00 PM
Updated 04/26/2024, 10:15 PM
© Reuters. BTC Slumps Following a $218 Million Daily Net Outflows From Several ETFs

  • Data from Soso Value shows there was a $218 million net outflow from Bitcoin ETFs last Thursday.

  • GBTC recorded the highest outflow, accounting for $139 million of the total outflow.

  • FBTC and BRRR recorded daily net outflows for the first time.

Data from Soso Value, the leading ETF analytics platform, shows a $218 million net outflow from Bitcoin ETFs last Thursday. A report from the renowned Chinese crypto journalist Colin Wu showed that Grayscale’s GBTC accounted for $139 million of Thursday’s outflow, making it the ETF with the highest outflow in the day.

Furthermore, Wu’s report revealed that the Fidelity ETF (FBTC) had a net outflow of $22.61 million, and the Valkyrie ETF (BRRR) had a net outflow of $20.16 million. It is essential to note that Thursday’s records marked the first time FBTC and BRR…

The post BTC Slumps Following a $218 Million Daily Net Outflows From Several ETFs appeared first on Coin Edition.

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