Ads by Eonads
CoinOtag
2024-06-11 07:16:17

Bitcoin ETFs See Major Outflows Led by Grayscale’s GBTC Amid Market Uncertainty

Bitcoin investment funds in the U.S. faced significant net outflows on June 10, breaking a 19-day streak of continuous inflows. Eleven spot Bitcoin ETFs experienced a collective outflow of $64.93 million, with Grayscale’s GBTC fund seeing the largest withdrawal of $40 million. Invesco’s BTCO and Galaxy Digital’s funds were also affected, each facing substantial redemptions

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.