GBTC - Bitcoin Rebounds To $65K Shakes Off $4M ETF Outflow And Geopolitical Uncertainty | Benzinga
The cryptocurrency market experienced a wave of mixed signals on Thursday, with Bitcoin (CRYPTO: BTC) spot exchange-traded funds (ETFs) registering net outflows while geopolitical tensions flared.
What Happened: According to data from SoSoValue, Bitcoin spot ETFs saw a total net outflow of $4.38 million on Thursday.
This movement reflects investor sentiment within these regulated investment vehicles, which offer a more traditional way to gain exposure to Bitcoin.
Grayscale’s Bitcoin Investment Trust (OTC:GBTC), the world’s largest Bitcoin fund, witnessed a significant net outflow of $89.99 million. This adds to GBTC’s historical net outflow, which now stands at ...