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US spot Bitcoin ETFs see daily net outflow of $120 million

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Grayscale’s GBTC had $130.42 million leave the ETF, while Fidelity and Ark Invest’s had combined inflows of about $10 million.

U.S. spot bitcoin exchange-traded funds saw a total daily net outflow of $120.64 million on Wednesday as eight products recorded saw zero flows, according to data from SoSoValue.

“Days with zero inflows are typical and not indicative of product failure,” Rachael Lucas, crypto analyst at BTC Markets, told The Block. “It also coincides with market performance and geopolitical tensions, highlighting complexities beyond ETF flows.”

 

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