Bitcoin (BTC) Value Skyrockets Past $59K Amidst Easing of Spot Bitcoin ETF Outflows
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- Bitcoin rebounds to $59,300 as outflows from spot bitcoin exchange-traded funds (ETFs) in the US slow down.
- Spot bitcoin ETFs saw a net outflow of $34.4 million on May 2nd, a significant decrease from the previous day’s record outflows.
- Grayscale’s GBTC was the only ETF to see a net outflow on Thursday, totaling $55 million.
Bitcoin shows signs of recovery as outflows from spot bitcoin ETFs slow down, pushing its price above $59,300.
Slower Outflows from Bitcoin ETFs
BlackRock’s IBIT and Fidelity’s FBT... Read the full article for FREE at COINOTAG!
