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Wednesday saw spot Bitcoin ETF flows shift to the positive side for the week, surpassing the outflows recorded on Monday.
Grayscale’s GBTC witnessed a slowdown in outflows, totaling $75.1 million, the lowest figure since February 26. Meanwhile, other ETFs saw relatively modest inflows, each adding less than $4 million, resulting in a total net inflow of $12.2 billion.Commenting on the situation then, Bloomberg ETF analyst James Seyffart said, “Honestly higher than I expected,” “I thought this would have slowed down by now.
This was after Genesis received permission from the U.S. Bankruptcy Court for the Southern District of New York on February 14 to
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