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The value of one bitcoin (BTCUSD) plummeted to $67,600 as the trading day started on Tuesday. The leading cryptocurrency by market cap was trading at about $71,200 only one day ago. The market experienced a drawdown after spot Bitcoin ETFs in the US ended an unprecedented 19-day streak of inflows. there was a break in the chain of tributaries Farside Investors reports that on the last trading day, $3 million was removed from the Fidelity Wise Origin Bitcoin Fund (FBTC). Similarly, $20.5 million and $15.8 million were expelled from the Valkyrie Bitcoin Fund (BRRR) and Invesco Galaxy Bitcoin ETF (BTCO), respectively, due to similar dynamics. The worst hit was GBTC, or the Grayscale Bitcoin Trust. A total of $39.5 million was removed from the fund by the close of yesterday's trading session. Meanwhile, iShare Bitcoin Trust (IBTC), which is owned by BlackRock and is currently the market leader, is still drawing in investors. The total amount of the infusion was $6.3 million. Trends in the Bitwise Bitcoin Fund (BITB) were likewise positive. Bitwise, an investment firm, received $7.6 million for its spot Bitcoin ETF. More than $64.9 million was drained from American funds in total. May 10 was the last recorded negative dynamic. $BTC



The value of one bitcoin (BTCUSD) plummeted to $67,600 as the trading day started on Tuesday. The leading cryptocurrency by market cap was trading at about $71,200 only one day ago.



The market experienced a drawdown after spot Bitcoin ETFs in the US ended an unprecedented 19-day streak of inflows.



there was a break in the chain of tributaries



Farside Investors reports that on the last trading day, $3 million was removed from the Fidelity Wise Origin Bitcoin Fund (FBTC). Similarly, $20.5 million and $15.8 million were expelled from the Valkyrie Bitcoin Fund (BRRR) and Invesco Galaxy Bitcoin ETF (BTCO), respectively, due to similar dynamics.



The worst hit was GBTC, or the Grayscale Bitcoin Trust. A total of $39.5 million was removed from the fund by the close of yesterday's trading session.



Meanwhile, iShare Bitcoin Trust (IBTC), which is owned by BlackRock and is currently the market leader, is still drawing in investors. The total amount of the infusion was $6.3 million. Trends in the Bitwise Bitcoin Fund (BITB) were likewise positive. Bitwise, an investment firm, received $7.6 million for its spot Bitcoin ETF.



More than $64.9 million was drained from American funds in total. May 10 was the last recorded negative dynamic.

$BTC

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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