Global Bitcoin ETP holdings over 900,000 BTC as Grayscale outf | Bitcoin | Ethereum | Altcoin
Global Bitcoin ETP holdings over 900,000 BTC as Grayscale outflows ‘subside’
Bitcoin investment products experienced significant outflows last week, with a total withdrawal of $479 million. The top cryptocurrency has faced significant headwinds since the U.S. Securities and Exchange Commission (SEC) approved spot exchange-traded funds (ETF) in the country. Its value has declined by more than 12% to around $42,500 as of press time. This downturn has spurred bearish investors to turn to short BTC products, resulting in nearly $11 million in inflows last week.
