Bitcoin ETF

James

<ul class="news-points"> 
 <li><strong>The Bitcoin ETF market witnessed a dip of around 20%, with outflows picking up.</strong></li> 
 <li><strong>Grayscale’s GBTC leads the charge, witnessing $640 million in outflows in just one day.</strong></li> 
 <li><strong>According to Peter Schiff, the biggest loser in the market is Fidelity’s FBTC, with a fall of 32%.</strong></li> 
</ul> 
<p>The crypto community has been eagerly watching the economy following the long-anticipated <a href="https://coinedition.com/bitcoin-etfs-explained-everything-you-need-to-know/" target="_blank" rel="noreferrer noopener">Bitcoin ETF</a> launch, analyzing the market moves. However, recent reports unearthed that the Bitcoin ETF outflow is “picking up,” overpowering the inflows.</p> 
<p>James Seyffart, a Bloomberg analyst, shared an X post on January 23, citing the highest outflow of Grayscale’s ETF, GBTC. Today, GBTC saw a staggering outflow of $640 million, marking a “bad day for Bitcoin ETFs.” So far, Grayscale has seen a total GBTC outflow of $3.45 billion.</p> 
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   <p lang="en" dir="ltr">Woof. BAD day for <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Bitcoin</a> ETFs overall in the Cointucky Derby. <a href="https://twitter.com/search?q=%24GBTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$GBTC</a> saw over $640 million flow out today. Outflows aren't slowing — they're picking up. This is the largest outflow yet for GBTC. Total out so far is $3.45 Billion. (Don't have BlackRock data yet) <a href="https://t.co/jNOyiTADVq" target="_blank" rel="nofollow">pic.twitter.com/jNOyiTADVq</a></p>— James Seyffart (@JSeyff) <a href="https://twitter.com/JSeyff/status/1749634659145630055?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">January 23, 2024</a>
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<p>With the SEC’s <a href="https://coinedition.com/brad-garlinghouse-appreciates-bitcoin-etf-launch-as-a-great-deal/">approval</a> of th…</p>
<p>The post <a href="https://coinedition.com/breaking-grayscales-gbtc-sees-640m-in-outflows-in-a-day/">Breaking: Grayscale’s GBTC Sees $640M in Outflows in a Day</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Breaking: Grayscale’s GBTC Sees $640M in Outflows in a Day

Coin Edition

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