GBTC - Should You Stay Or Should You Go? Bitcoin Spot ETFs Hemorrhaging Cash On 4 Consecutive Days | Benzinga
Bitcoin spot exchange-traded funds (ETFs) appear to be experiencing a notable trend of net outflows, extending over four consecutive days.
Data from SoSoValue, as of March 21, highlights a total net outflow of $93.85 million from these ETFs, underscoring a cautious stance among investors.
Among the ETFs facing outflows, the Grayscale Bitcoin Trust (OTC: GBTC) reported a significant single-day net outflow of $358 million.
This withdrawal has contributed to GBTC's total historical net outflow reaching an alarming $13.63 billion, marking a continued trend of capital withdrawal from the fund.
Conversely, the BlackRock ETF IBIT (NASDAQ: IBIT) emerged as ...