Bitcoin Spot ETFs Witness Consistent Withdrawals in Anticipation of Halving

Friday, 19 April 2024, 08:54

Investors are withdrawing from Bitcoin ETFs, with GBTC leading the outflows and inflows into IBIT slowing down. Amid the upcoming halving event, this trend suggests a cautious approach from market participants towards cryptocurrency investments.
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Bitcoin Spot ETFs Witness Consistent Withdrawals in Anticipation of Halving

Bitcoin ETF Withdrawal Trend

Investors are showing cautiousness by withdrawing from Bitcoin ETFs.

Outflows Leader

GBTC led the outflows, indicating a bearish sentiment among investors.

Inflows Slowdown

Inflows into BlackRock's IBIT continued to slow down.

This data highlight a cautious approach from investors ahead of the upcoming halving event in the cryptocurrency market.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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