Spot Bitcoin ETFs Experience Rare Outflows Amid Rising Volatility

Thursday, 22 February 2024, 16:34
Spot Bitcoin ETFs in the U.S. registered daily net outflows of $35.6 million, marking the first instance of outflows since January. The outflows were driven by significant selloffs in Grayscale GBTC, surpassing inflows to other funds. This shift signals a potential change in investor sentiment towards the cryptocurrency market as volatility rises.

Spot Bitcoin ETF Outflows: A Rare Occurrence

Spot Bitcoin ETFs in the U.S. faced unprecedented daily net outflows of $35.6 million, marking the first occurrence of outflows since January. This trend highlights a significant shift in investor behavior towards cryptocurrency investments.

Reason Behind Outflows

Grayscale GBTC experienced notable selloffs, surpassing inflows into nine other funds, leading to the overall outflows. This reinforces the impact of market sentiment on investment flows in the cryptocurrency market and the potential implications for future trends.

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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