👀ETF cash flow statistics day 7: Withdrawal cash flow -87.5 million USD
Although ETF funds continue to receive more money, the outflow from Grayscale is too large, causing the total ETF cash flow on the 7th to be -87.5 million USD.
Reasons for cash outflow from Grayscale:
Bitcoin prices plummeted, causing many investors to panic and pull money out of ETFs.
Competition from new Bitcoin ETFs, like ProShares Bitcoin Strategy ETF and Valkyrie Bitcoin Strategy ETF.
Although the outflow from Grayscale is a worrying signal, the total ETF cash flow after 7 trading days is still positive, with a total of more than 1 billion USD.
This shows that there are still many investors who believe in the future of Bitcoin and continue to invest in ETFs.
