GBTC - Bitcoin ETF Outflows Slow To $19.5M Hong Kong Targeting April For Bitcoin ETF Launch | Benzinga
Net outflows from Bitcoin (CRYPTO: BTC) spot ETFs slowed to $19.48 million on Tuesday, recording a slower outflow pace for exchange-traded funds compared to Monday.
What Happened: Grayscale’s Bitcoin Investment Trust (OTC:GBTC) experienced a significant single-day outflow of $154 million, while BlackRock’s iShares Bitcoin Trust (NASDAQ:IBIT) saw a net inflow of $128 million on the same day.
Hong Kong Poised To Join The Bitcoin ETF Race
Meanwhile, anticipation is building in Asia as Hong Kong prepares to launch its own Bitcoin spot ETFs.
The Securities and Futures Commission (SFC) recently updated its virtual asset management fund list, a move seen as paving the way for a formal ...