Crypto ETFs Experience Massive Outflows, Losing Over $1 Billion in Two Weeks
TL;DR Summary
Bitcoin exchange-traded funds (ETFs) saw net outflows of $85.7 million, with Grayscale's GBTC experiencing the largest outflow of $302.6 million, attributed to high fees and investor hesitancy. This comes after a week of significant inflows into Bitcoin tracking funds, but the recent outflows indicate that the market volatility and investor behavior continue to impact the price of Bitcoin, which has dipped nearly 6% in the last 24 hours to $65,348 per coin.
- Bitcoin ETFs Lose Ground Again as Over $302 Million Leaves Grayscale Trust Decrypt
- Cathie Wood's ARK Bitcoin ETF has record $87M outflow, surpassing GBTC Cointelegraph
- Crypto Funds Saw Inflows of $862M Last Week Following $1B of Outflows the Week Before: CoinShares CoinDesk
- Bitcoin ETFs start April with sharp drop MarketWatch
- 'Keep Calm'—Fed Sparks $300 Billion Crypto ETF Price Crash, Hitting Bitcoin, Ethereum, XRP, Solana And Dogecoin Forbes
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
1 min
vs 2 min read
Condensed
73%
269 → 72 words
Want the full story? Read the original article
Read on Decrypt