Dramatically speaking, US-spot Bitcoin ETFs have recorded an enormous outflow of $1.3 billion in the last two weeks. This is not just money; it is a statement of how cryptocurrency investors respond to Bitcoin's price tumble, now lingering at $60,000. One of the primary culprits in this exodus appears to be Grayscale's GBTC, which accounted for $517.3 million of outflows alone. It's unbelievable to see so much outflow, and it indeed makes one think about the broader implications for the market.
(Image not shown due to low ratings)
Images were hidden due to low ratings.
Congratulations @curiousmind2! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)
Your next target is to reach 100 upvotes.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOP