U.S. spot bitcoin exchange-traded funds recorded a total daily net outflow of $174.45 million on Monday, marking their seventh consecutive day of negative flows.
Franklin Templeton’s EZBC reported net outflows of $20.8 million, its first net outflow since May 2. Several other funds saw net outflows on Monday — VanEck’s HODL saw $10 million outflows; Bitwise’ BITB saw $8 million; Ark Invest and 21Shares’ ARKB fund had $7 million outflows. Invesco and Galaxy Digital’s BTCO also reported outflows of $2 million.
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BlackRock’s IBIT overtakes GBTC as the world’s largest Bitcoin ETFBlackRock's IBIT surpasses Grayscale's GBTC as the largest Bitcoin ETF with $102.5 million in inflows. As of May 28, IBIT holds 288,670 BTC compared to GBTC's 287,450 BTC. BlackRock’s Bitcoin ETF now leads the market.
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