GBTC - What Is Going On With Bitcoin And Ethereum ETFs? | Benzinga
The cryptocurrency market continues to show resilience as Bitcoin (CRYPTO: BTC) spot ETFs recorded a net inflow of $11.7997 million on June 27, despite significant outflows from the Grayscale Bitcoin Trust (OTC:GBTC).
What Happened: This data comes as analysts express optimism about the imminent launch of spot Ethereum ETFs in the United States.
According to data from SoSo Value, while GBTC experienced an outflow of $11.4407 million, other ETFs more than compensated for this loss.
The Bitwise ETF (BITB) and Fidelity ETF (BATS:FBTC) saw inflows of $8.0432 million and $6.7194 million respectively, underscoring the ongoing demand for Bitcoin investment products.
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