GBTC - Bitcoin Defies $165M ETF Outflows Bounces Above $62000 | Benzinga
Cryptocurrency markets are showing signs of stabilization, with Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) bouncing back above the $62,000 and $3,000 marks, respectively.
What Happened: The price rebound follows a period of volatility, with hawkish comments from Federal Reserve Chair Jerome Powell impacting investor sentiment.
The rebound defied more lackluster spot Bitcoin ETF data, with SoSoValue showing a net outflow of capital of $165 million on Wednesday. Grayscale’s Bitcoin Investment Trust (OTC:GBTC) experienced a net outflow of $133 million, while BlackRock‘s iShares Bitcoin Trust (NASDAQ:IBIT) saw a modest net inflow of ...