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Bitcoin (BTC) ETFs Show Net Outflows as Buying at BlackRock’s IBIT and Others Slow

January 26, 2024
in Cryptocurrency
Reading Time: 1 min read
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Bitcoin (BTC) ETFs Show Net Outflows as Buying at BlackRock’s IBIT and Others Slow

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Based on knowledge collected by Bloomberg Intelligence analyst James Seyffart, the ten spot bitcoin ETFs (GBTC included) noticed a web outflow of $158 million on Wednesday. Day-to-day flows can, in fact, be mercurial. Numbers compiled by CoinDesk from the issuers’ web sites exhibits whole bitcoin held by the entire spot ETFs (GBTC included) as of Jan. 24 of about 649,000 versus greater than 660,000 per week earlier, a decline of roughly 11,000 tokens.

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Tags: BitcoinBlackRocksBTCBuyingETFsIBITNetOutflowsshowSlow
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