US Spot Bitcoin ETFs Experience $55.1M in Outflows; GBTC Sells 2,048 BTC During Market Volatility

According to data, U.S. spot bitcoin exchange-traded funds (ETFs) saw a negative outflow of $55.1 million on Friday, with Grayscale’s Bitcoin Trust (GBTC) experiencing a notable decrease. Metrics from Thursday indicated that GBTC held 316,193.43 bitcoins, but after a decline of 2,048.23 bitcoins, the fund’s holdings decreased to 314,145.2 bitcoins. Despite this, Blackrock and Fidelity continued to absorb bitcoin.

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