Bitcoin Stable Near $71K as GBTC Outflows Pick Back Up

The Thursday total ETF flow was negative, with GBTC leading the pack

GBTC outflows are once again negative, with $124.9 million flowing out of the trust-turned-ETF.

However, the price of bitcoin remains stable, challenging the thesis that outflows push down prices

Overall, $124.9 million flowed out of GBTC, according to on-chain data. In comparison, $4.6 million flowed into Fidelity's FBTC, and $11.1 million went into Bitwise's BITB.

Up to Thursday, all the bitcoin ETFs have reported a weekly outflow of $227.9 million.

(BTC) is stable, trading above $70,900, as outflows from the Grayscale Bitcoin Trust (GBTC) pick up once again.

Disclaimer:This data just for the information not financial advise #Dyor