Bitcoin ETF

Bitcoin

Spot

<ul class="news-points"> 
 <li>Bitcoin experienced a significant pullback last week.</li> 
 <li>A massive daily BTC decline coincided with last Friday’s significant ETF outflows.</li> 
 <li>Spot Bitcoin ETF experienced a daily net outflow of $237.45 million last Friday.</li> 
</ul> 
Bitcoin experienced a significant pullback last week, with the price returning to the $60,000 region after an impressive run that took it above $70,000. The flagship crypto’s recent decline recorded its most significant loss last Friday by losing over 6% of its value during the day’s trading session. 
Among other factors, analysts observed that Friday’s decline coincided with a massive outflow in the spot <a href="https://coinedition.com/tag/bitcoin-etf/">Bitcoin ETF market</a>. Onchain data revealed that the U.S. spot ETFs logged a daily net outflow of $237.45 million on Friday, representing the highest single-day outflow level in the past three months and the fourth-highest since the ETFs launched in January. 
According to<a href="https://sosovalue.com/assets/etf/us-btc-spot" target="_blank" rel="nofollow"> data</a> from SoSoValue, a leading cryptocurrency trading data platform, Grayscale’s recently launched Bitcoin Mini Trust was one of only two ETFs to record an inflow on Friday, with a minimal $9.88 million in additional funds. The other ETF to attract new funds on Friday was Bla…
The post <a href="https://coinedition.com/bitcoin-crashes-alongside-massive-spot-btc-etf-outflows/">Bitcoin Crashes Alongside Massive Spot BTC ETF Outflows</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Bitcoin Crashes Alongside Massive Spot BTC ETF Outflows

Coin Edition

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