GBTC - Spot Bitcoin ETFs Clobbered By $218M Net Outflow On Thursday | Benzinga
Bitcoin (CRYPTO: BTC) defied expectations this week, experiencing a price increase of around 3.7% even as investors pulled a significant amount of money out of Bitcoin exchange-traded funds (ETFs).
What Happened: According to data from SoSoValue, the total net outflow from Bitcoin spot ETFs on Thursday was a hefty $218 million.
This outflow marks the first time that Fidelity‘s (BATS:FBTC) and Valkyrie‘s (NASDAQ:BRRR) ETFs witnessed net withdrawals of $22.61 million and $20.16 million, respectively.
Grayscale‘s industry-leading (OTC:GBTC) ETF shouldered the brunt of the outflows, experiencing a net loss of $139 million on Thursday.
Franklin Templeton‘s EZBC (BATS:EZBC) ...