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👀 Bitcoin ETFs see 4th consecutive day of net outflows GBTC sees $358.8M outflows on March 21, marking four days of con…
👀 Bitcoin ETFs see 4th consecutive day of net outflows
GBTC sees $358.8M outflows on March 21, marking four days of consecutive outflows for all 10 Bitcoin ETFs. The latest figures bring this week’s total outflows for GBTC to $1.8 billion. 💸
However, Senior Bloomberg ETF analyst Eric Balchunas believes that much of Grayscale’s outflows could soon draw to a close, with the majority of them stemming from bankruptcies of crypto firms due to their “size and consistency.”
“Takeaway: the worst is [probably] close to being over. Once it is, only retail will be left and flows should look more like the Feb trickle.”
