Fast Take
In line with information from BitMEX, the Bitcoin (BTC) ETF market skilled its first day of internet inflows since March 15, gathering a modest $15.7 million, or 221.2 Bitcoin. This occasion paused 5 consecutive days of internet outflows and represented the second-smallest day of inflows recorded. Regardless of this constructive shift, the bigger narrative remained overshadowed by the substantial outflows from GBTC, which amounted to $350.1 million or 4,933.7 BTC. Consequently, GBTC’s cumulative outflows have reached $14,150.6 billion, equal to 275,059 BTC.
Knowledge from BitMEX reveals that Constancy skilled an intense day with internet inflows of $261.8 million, equal to three,689.3 BTC, pushing its whole inflows to $7,213.4 billion, equal to 136,886 BTC. It’s noteworthy that not one of the remaining eight ETFs recorded any outflows. Each ARKB and BTCW remained stagnant, registering neither inflows nor outflows. As a cumulative determine, the Bitcoin ETFs have amassed $11,284.8 billion, equal to 200,673 BTC.
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