GBTC - Spot Bitcoin ETFs See $223M Net Outflows On Monday | Benzinga
Bitcoin‘s (CRYPTO: BTC) strong start to the week hit a road bump after Monday’s trading data showed that interest in spot ETFs appears to be cooling off.
What Happened: Data from SoSoValue reveals a net outflow of $223 million on Monday, primarily driven by Grayscale‘s Bitcoin Investment Trust (OTC:GBTC), which saw a significant single-day net outflow of $303 million.
While the overall trend leans towards outflows, some spot Bitcoin ETFs are still attracting investment.
Bitwise ETF NYSE (BATS:BITB) led the inflows yesterday, bringing in approximately $40.33 million. BlackRock’s iShares Bitcoin Trust (NASDAQ: IBIT) recorded a net inflow of $21.27 ...