U.S. Bitcoin Funds Experience Diverse Results, with GBTC Losses Balanced by Other Investments

Quick Summary:

Following two days of positive inflows, U.S.spot bitcoin exchange-traded funds (ETFs) experienced a decline, with $15.7 million exiting on Tuesday.

Grayscale’s Bitcoin Trust (GBTC) saw $29 million leave during the day’s trading sessions, overshadowing the break-even and positive reports from the other spot bitcoin funds.

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Article Details

Author / Journalist: Jamie Redman

Category: Crypto

Markets: Japan

Topics: Crypto Ark Invest Fidelity Finance Blackrock Grayscale Bitcoin Trust (GBTC) Bitcoin GBTC outflows Bitcoin spot ETFs ARKB Cryptocurrency

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-08 @ 14:33:44 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: news.bitcoin.com

Language: English

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoin News

News ID: 20916396

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About Bitcoin News

Main Topics: Crypto

Official Website: news.bitcoin.com

Update Frequency: 16 posts per day

Year Established: 2008

Headquarters: Japan

News Last Updated: 9 hours ago

Coverage Areas: Japan

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Publisher ID: #62

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