Bitcoin ETFs See $536 Million in Outflows as BTC Wilts Below $110K
The U.S.-listed crypto exchange-traded funds (ETFs) bled money Thursday, snapping a two-week streak of consistent inflows. The 11 bitcoin (BTC) ETFs registered a net outflow of 56.8 million from ether ETFs. Data curated by SoSoValue shows BlackRock’s iShares Bitcoin Trust (IBIT) saw 132 million. Grayscale’s converted GBTC product shed $67 million, with smaller issuers such as Bitwise and VanEck also rec ...