US Spot-Bitcoin ETFs Post Largest Three-Day Outflow Since Launch
- Net $742 million has exited a group of 10 US Bitcoin ETFs
- Fed-driven Bitcoin rally fizzled as the flows data spread
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A group of 10 US spot-Bitcoin exchange-traded funds posted its biggest three-day outflow since the products debuted in January, a turnaround from the clamor for exposure that earlier drove to the token to a record high.
A net $742 million left the ETFs from Monday through Wednesday, reflecting outflows from the Grayscale Bitcoin Trust and a moderation in subscriptions for rival offerings from the likes of BlackRock Inc. and Fidelity Investments.