Bitcoin (BTC) ETFs Future Brightens as Grayscale GBTC Attracts Fresh Investments
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- U.S. Bitcoin ETFs experienced a significant recovery after a $156 million outflow last week.
- Grayscale’s GBTC saw inflows for two consecutive days as the market conditions improved.
- The average purchase price of these ETFs since their launch is estimated to be US$62,200 per bitcoin.
After a significant $156 million outflow last week, U.S. Bitcoin ETFs have shown signs of recovery, with Grayscale’s GBTC witnessing inflows for two consecutive days.
U.S. Bitcoin ETFs Recover from Major Outflows
According to a recent CoinShares report, U.S. Bitcoin ETFs saw a significant $156 million outflow last week as the BTC price dropped below the average buying price of the ETF issuers. This drop may have triggered automatic sell orders, contributing to the outflow. However, the market has shown signs of recovery, with Grayscale’s GBTC experiencing inflows for two consecut... Read the full article for FREE at COINOTAG!
