US Bitcoin ETF bleeds again, GBTC sees net outflows, IBIT hangs in the balance
The US Bitcoin ETF has just seen a break from seven consecutive days of outflows, with Grayscale GBTC experiencing two consecutive days of inflows. However, BTC once again fell into outflows on 5/7, totaling $15 million. GBTC saw outflows of $28.6 million, while IBIT remained flat, and the best-performing BTCO only had $6 million in inflows.
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The U.S. Bitcoin ETF has finally seen a break from seven consecutive days of outflows, with Grayscale's GBTC experiencing two days of inflows. However, Bitcoin once again faced outflows, totaling $15 million on 5/7. GBTC saw outflows of $28.6 million, while IBIT remained stagnant, and the top-performing BTCO only saw $6 million in inflows.
Bitcoin's momentum immediately declined, falling below 63K to 62,596 at the time of writing, indicating the influence of the U.S. Bitcoin ETF on Bitcoin's price.
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