The crypto market faced another challenging day on September 3, 2024, as Bitcoin exchange-traded funds (ETFs) recorded their fifth consecutive day of outflows. According to data from So Value, Bitcoin spot ETFs saw a net outflow of $287.8 million, signaling a growing trend of investor caution amid market volatility.
Key Outflows and Market Impact
The largest outflows were reported by major Bitcoin ETFs, with the Grayscale Bitcoin Trust (GBTC) witnessing a single-day net outflow of $50.4 million.·
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