Grayscale Bitcoin Trust (GBTC) Leads $89.73M Outflow Amid Market Recovery
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Bitcoin ETFs recorded significant outflows, totaling $89.73 million on August 9, as reported by SoSoValue. Grayscale Bitcoin Trust (GBTC) was at the forefront of these outflows. This occurred even though Bitcoin had seen a rise from $48,800.
The outflows came at a time when the market was generally recovering, which might seem contradictory at first glance.
The data highlights a somewhat cautious investor sentiment amid the recent market dynamics, notably affecting Bitcoin and related ETFs.
Source: en.coinotag.com ↗
