Bitcoin ETFs expertise first outflow since March 22 at $85.8 million

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Fast Take

Knowledge from BitMEX reveals that the Bitcoin (BTC) exchange-traded funds (ETFs) noticed a web outflow of $85.8 million, equal to 1,230.3 BTC, marking the primary outflow since March 22.

ETF Knowledge in {dollars}: (Supply: BitMEX)

Grayscale’s GBTC continued to dominate the outflows, with $302.6 million, equal to 4,337.4 BTC, being withdrawn. GBTC has now seen a staggering $15,070.2 billion of outflows, equal to 288,274 BTC, in line with BitMEX.

However, inflows throughout the remaining ETFs remained comparatively muted, with BlackRock’s IBIT being the notable exception. IBIT noticed inflows of $165.9 million, equal to 2,377.2 BTC, bringing its complete inflows to $14,123.7 billion, equal to 254,509 BTC. Ark’s ARKB ETF skilled its first day of outflows, albeit small, at $0.3 million, equal to five BTC. ARKB has now seen $2,304.0 billion of inflows, equal to 44,471 Bitcoin, in line with BitMEX.

ETF Knowledge in BTC: (Supply: BitMEX)

General, the ETFs have witnessed a complete web influx of $12,039.7 billion, equal to 211,621 BTC, in line with BitMEX.

The put up Bitcoin ETFs expertise first outflow since March 22 at $85.8 million appeared first on CryptoSlate.



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