GBTC - Bitcoin ETFs Record $51M Net Outflows On Monday Continue 3-Week Outflow Trend | Benzinga
The cryptocurrency investment landscape has been marked by a concerning trend in recent weeks, with significant outflows recorded across major Bitcoin (CRYPTO: BTC) spot ETFs.
What Happened: According to data from SoSoValue, notable outflows were reported on Monday, with ARK 21Shares‘s ARKB (CRYPTO: ARKB) experiencing a single-day net outflow of $31.34 million, surpassing Grayscale‘s GBTC (OTC:GBTC) which saw a reduction of $24.66 million. The total net outflow for the day was $51.53 million.
Meanwhile, BlackRock's iShares Bitcoin Trust (NASDAQ:IBIT) showed no movement, maintaining a stagnant flow for four consecutive days.
This pattern of withdrawals is part of a broader trend affecting digital asset investment products, which have seen outflows ...