GBTC - Bitcoin Climbs Above $67.5K As Spot ETFs See $200M Outflows On Tuesday | Benzinga
U.S. Bitcoin (CRYPTO: BTC) spot exchange-traded funds (ETFs) experienced a significant shift in sentiment over the past two days, with a total net outflow of $200 million recorded on June 11.
What Happened: This marks the second consecutive day of outflows, following a record-breaking 19-day streak of net inflows.
The outflows were primarily driven by Grayscale’s Bitcoin Trust (OTC:GBTC), which saw a single-day outflow of $121 million, according to data from SoSo Value.
This continues a trend for GBTC, which has seen the highest cumulative outflows of any Bitcoin spot ETF since its launch in January.
As a result ...