Bitcoin ETF Reports First Net Outflow of $83 Million Since Introduction: Has the Bitcoin Bottom Been Reached?

Quick Summary:

Grayscale GBTC saw an outflow of $82.4 million and a marginally lower outflow than the past two days, indicating the lack of interest among institutional investors in Bitcoin ETF presently.

Bitcoin ETF: Spot Bitcoin ETFs in the U.S.continue to perform poorly, with a net outflow of $83.6 million on the week’s last trading day.

BitMEX co-founder Arthur Hayes predicts a recovery in stocks, crypto market, Bitcoin next week.

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Article Details

Author / Journalist: Varinder Singh

Category: Crypto

Markets: India

Topics: Bitcoin (BTC) Price 24/7 Cryptocurrency News Bitcoin ETF Bitcoin News Spot Bitcoin ETF

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-27 @ 16:46:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 518 words

Reading Time: 3 minutes read

Sentences: 39 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 20800587

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

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News Last Updated: 2 hours ago

Coverage Areas: India

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