Bloomberg Analyst: GBTC outflows exceed $640 million on seventh trading day
Bloomberg analyst James Seyffart wrote on X platform that on the seventh day of trading for the bitcoin spot ETF, GBTC had over $640 million in outflows. The outflow of funds has not slowed down, but rather accelerated. This is the largest outflow of funds from GBTC to date, with a total amount of $3.45 billion so far.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Fed’s Waller signals multiple rate cuts in 2025 as Bitcoin holds steady near $100K
SEC Poised for Crypto Policy Overhaul Under Incoming Trump Administration
Trump’s Crypto-Friendly Stance Sparks Optimism in Markets
Bitcoin Price Surpassed $100K Following Yesterday’s CPI Data and Renewed Inflows in BTC ETFs
January 15 CPI report showed cooling inflation, while BTC ETFs recorded over $755 million in inflows
Solana-based social graph protocol Tapestry raises $5.75 million in Series A funding
Tapestry raised $5.75 million in a Series A round co-led by Union Square Ventures and Fabric Ventures.Tapestry is a Solana-based social graph protocol designed to create an ecosystem of applications with social features.