GBTC - Spot Bitcoin ETFs See $34M Net Outflow On Thursday | Benzinga
Spot Bitcoin (CRYPTO: BTC) ETFs experienced a new net outflow of $34.36 million on Thursday, signifying a continued trend of investor caution following the record-breaking outflows witnessed earlier this week.
What Happened: Grayscale‘s GBTC (OTC:GBTC), the world’s largest Bitcoin investment vehicle, saw a significant single-day outflow of $55 million, according to data from SoSoValue.
BlackRock’s iShares Bitcoin Trust (NASDAQ:IBIT) and the Fidelity Bitcoin ETF (BATS:FBTC) remained stagnant, recording no new outflows.
Meanwhile, the story was different for innovation-focused ETFs like ARK 21Shares Bitcoin ETF (BATS:ARKB), which saw ...