Spot Bitcoin ETFs experienced a significant decrease in demand with $217 million in outflows, causing Bitcoin price to suffer. Grayscale's GBTC saw the largest withdrawal, with Ark Invest, Valkyrie, Bitwise, and Fidelity's FBTC also facing outflows. BlackRock's iShares Bitcoin Trust had no inflows, and macroeconomic factors like lower-than-expected US GDP growth add to the negative sentiment, with Bitcoin falling below $63,000.
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