BTC ETFs

Bitcoin ETFs see $1.2 billion outflow in just eight days as Bitcoin’s price drops over 18%

Bitcoin ETFs in the US have undergone a notable decrease, with net outflows amounting to $1.2 billion in the last eight days. This signifies the most extended duration of uninterrupted withdrawals since their inception in early 2024. From late August to early September, investors withdrew substantial amounts from the 12 spot Bitcoin ETFs available on US marketplaces. This withdrawal aligns with a wider reduction in Bitcoin values, which has experienced

BlackRock’s iShares Bitcoin Trust (IBIT) outpaces Grayscale Bitcoin ETF (GBTC) in daily trading volume

BlackRock’s iShares Bitcoin Trust (IBIT) has outpaced Grayscale Investments’ Bitcoin ETF (GBTC) in daily trading volume. Blackrock’s IBIT is on the verge of securing an additional $3 billion in investments, whereas GBTC has lost over $5.6 billion since the ETF’s approval. GBTC initially led the new bitcoin ETFs approved on January 11, 2024. However, recent data show that IBIT generated over $300 million in daily sales, outperforming GBTC’s $290 million.