Spot Bitcoin exchange-traded funds (ETFs) experienced a five-day outflow streak, with a collective net outflow of $319 million since April 12, according to Farside Investors data. The Grayscale Bitcoin Trust (GBTC) recorded an average daily outflow of $116 million, and Ark 21Shares Bitcoin ETF saw $43 million exit on a single day. On the other hand, BlackRock's iShares Bitcoin Trust maintained daily inflows, despite a notable dip on Wednesday. Spot Bitcoin ETFs have received about $12.3 billion in net inflow in three months, even with GBTC losing $16.7 billion, blamed on market cooling after rapid growth and bitcoin's price downturn.
Read in-depth analysis on this topic at: https://theweb3.news/crypto/why-are-investors-pulling-out-from-bitcoin-etfs-right-before-the-halving-event/
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