U.S. Bitcoin ETFs experienced significant outflows, with a record single-day outflow reported. Grayscale's Bitcoin Trust (GBTC) alone saw outflows of $804 million this week, contributing to a total of $563 million in losses across various funds including BlackRock, Fidelity, and Ark. Despite these outflows, the Hong Kong market showed strong performance in its first week of trading Bitcoin and Ethereum ETFs, attracting $292 million in inflows on the first day. This marked a significant achievement, nearly reaching 30% of Bloomberg's two-year forecast of $1 billion in assets under management.
Sources
The Block
Grayscale's GBTC spot bitcoin ETF sees $63 million of inflows, ending 78-day outflow streak https://t.co/c0vZDh0umY
RunnerXBT I dont think anybody had this on their bingo cards yesterday Just 2 days after -563m outflows we get +378m inflows w/ GBTC being green as well Boomers cant affect the markets over the weekend. GL to us https://t.co/P9DyqD7rQD
Quinten | 048.eth 💥BREAKING💥 Grayscale’s #Bitcoin ETF had its first inflow after 77 days https://t.co/GSYI8vEzFD
Additional media
