📉📊 Despite Bitcoin hitting a 3-week high of $72,500, Monda

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📉📊 Despite Bitcoin hitting a 3-week high of $72,500, Monday saw a $224M outflow from the 11 newly launched Bitcoin ETFs, reversing 4 days of inflows. Grayscale's GBTC had its largest outflow since March 25, shedding around 4,300 BTC ($303M). However, new ETFs have bought 520,544 BTC in 3 months, netting an increase of around 220,000 BTC. BlackRock and Fidelity had low inflow days, while Bitwise BITB led with a $40.3M inflow. In other news, Defiance filed for a 2x leveraged Ethereum futures ETF, potentially trading under ETHL. Meanwhile, the SEC has delayed the decision on allowing options on spot Bitcoin ETFs. What's your take on these market movements? Let's chat below! 👇 #Bitcoin #ETF #CryptoNews

📉📊 Despite Bitcoin hitting a 3-week high of $72,500, Monday saw a $224M outflow from the 11 newly launched Bitcoin ETFs, reversing 4 days of inflows. Grayscale's GBTC had its largest outflow since March 25, shedding around 4,300 BTC ($303M). 
However, new ETFs have bought 520,544 BTC in 3 months, netting an increase of around 220,000 BTC. BlackRock and Fidelity had low inflow days, while Bitwise BITB led with a $40.3M inflow. 
In other news, Defiance filed for a 2x leveraged Ethereum futures ETF, potentially trading under ETHL. Meanwhile, the SEC has delayed the decision on allowing options on spot Bitcoin ETFs. 
What's your take on these market movements? Let's chat below! 👇 #Bitcoin #ETF #CryptoNews