GBTC net outflows slow, ETF sees capital inflows, Bitcoin back above 59K
ETF data for 5/2 in the United States is gradually being released. IBIT has not yet been announced. The net outflow of GBTC is $54.9 million, significantly lower than the $167 million on 5/1. Other ETFs have also ceased net outflows, with funds flowing back in the range of millions to tens of millions of US dollars. Overall data is expected to stabilize.
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ETF data for May 2nd in the United States is gradually being released. IBIT has not yet been announced. The net outflow of GBTC is $54.9 million, a significant decrease from the $167 million on May 1st. Other ETFs have also stopped net outflows and are seeing capital inflows ranging from millions to tens of millions of US dollars, indicating a potential halt to the bleeding in overall data.
Even as Bitcoin briefly dipped to $56,000 recently, it has gradually risen back to $59,000 as of May 2nd:
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