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Spot Bitcoin ETF Flows Shift Positively as Grayscale’s GBTC Outflows Slow Down

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Wednesday saw spot Bitcoin ETF flows shift to the positive side for the week, surpassing the outflows recorded on Monday.

Grayscale’s GBTC witnessed a slowdown in outflows, totaling $75.1 million, the lowest figure since February 26. Meanwhile, other ETFs saw relatively modest inflows, each adding less than $4 million, resulting in a total net inflow of $12.2 billion.Commenting on the situation then, Bloomberg ETF analyst James Seyffart said, “Honestly higher than I expected,” “I thought this would have slowed down by now.

This was after Genesis received permission from the U.S. Bankruptcy Court for the Southern District of New York on February 14 to

Source: Digital Coin News (digitalcoinnews.net)

 

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