GBTC - Bitcoin ETF Outflows Mount As Ethereum ETF Approvals Get Delayed | Benzinga
The recent rally in Bitcoin (CRYPTO: BTC) appears to be losing steam, with investors pulling money out of Bitcoin spot exchange-traded funds (ETFs), with the ETFs having seen a net outflow of $326 million over the past two days, raising questions about investor confidence in the short term.
What Happened: Grayscale's Bitcoin Investment Trust (OTC: GBTC), the most established Bitcoin ETF, witnessed a significant single-day net outflow of $443 million on March 19.
This negative sentiment was not universal, with BlackRock's iShares Bitcoin Exposure ETF (NASDAQ: IBIT) experiencing a ...