Posted 2/22/2024, 4:49:00 PM
Bitcoin ETF Inflows Drop to 2-Week Low of $25.5 Million
- Inflows into 10 spot bitcoin ETFs dropped to $25.5 million on Wednesday, the lowest level in 2 weeks
- This is a stark drop from recent weeks where inflows averaged about $350 million per day
- Grayscale's Bitcoin Trust (GBTC) saw 2,652 bitcoin removed on Wednesday
- BlackRock and Fidelity ETFs added around 3,000 bitcoin combined
- Bitcoin ETF inflows have been volatile recently, ranging from outflows of 6,900 bitcoin on Jan 24 to inflows of 12,400 bitcoin on Feb. 13