BTC Price Rebounds Despite The Third Day of Outflows for Bitcoin ETFs
The consecutive three-day net outflows have totaled $742 million.
The consecutive three-day net outflows have totaled $742 million.
Bitcoin ETFs experienced a record $326M outflow on Tuesday, a new record surpassing the previous day, indicating a consistent trend.
Bitcoin ETF inflows have also stabilized recently, indicating an equilibrium in the influx of investments.
GBTC’s 1.5% fee will be reduced after the fund suffered non-stop outflows totaling $12 billion in slightly over two months.
Inflows into spot Bitcoin exchange-traded funds are slowing down while Grayscale continues to hemorrhage assets at record rates.Â
7RCC Global's Rali Perduhova said that Bitcoin could reach $200,000 by the end of 2024.
Senators opposed more crypto ETF approvals by the SEC, citing risks in thinly traded markets vulnerable to fraud and manipulation.
In addition to Kanade's controversial belief that Ethereum ETFs will outpace Bitcoin funds, he placed the odds of the SEC
BlackRock's IBIT has been the frontrunner, capturing a lion's share in the spot Bitcoin ETF space.
Worries about exchange fraud are in the rearview mirror, but investors still question how Bitcoin can have value if it