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Bitcoin ETF Flows Surge, Driving Record Volumes and Slowing GBTC Outflows

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Source: The Block
Bitcoin ETF Flows Surge, Driving Record Volumes and Slowing GBTC Outflows
Photo: The Block
TL;DR

Spot Bitcoin ETF flows turned positive this week, with Fidelity's FBTC leading the inflows and Grayscale's GBTC outflows slowing. The combined U.S. spot Bitcoin ETFs saw net inflows of $113.5 million on Wednesday, surpassing the previous day's outflows. Grayscale's GBTC fund has experienced significant outflows, falling 47% from around 619,000 BTC to 328,000 BTC. Despite the slowdown in outflows, overall spot Bitcoin ETF daily flows and volume have been declining since peaking in March.

Topics:businesscryptocurrency#bitcoin#cryptocurrency#etf#fidelity#grayscale#outflows
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  1. Spot Bitcoin ETF flows turn positive this week as Grayscale's GBTC outflows slow  The Block
  2. Bitcoin ETF Trading Volumes Tripled in March as the Largest Cryptocurrency Hit Record Highs  CoinDesk
  3. 'Keep Calm'—Fed Sparks $300 Billion Crypto ETF Price Crash, Hitting Bitcoin, Ethereum, XRP, Solana And Dogecoin  Forbes
  4. $111 Billion: Bitcoin ETFs See Record Volumes in March  Bitcoin Magazine
  5. Q1 2024's Top Story: Spot Bitcoin ETFs Thrive  ETF Trends

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