🚀Hey #CryptoTwitter, buckle up! Spot #Bitcoin ETFs in the U.S. are on a rollercoaster ride, with a 5-day streak of outflows, totaling over $900M this week.🎢
🔍Data from SoSoValue shows 11 listed ETFs lost $140M on Thursday alone. Grayscale's GBTC and Fidelity's FBTC are leading the pack in the race to the bottom, with outflows of $53M and $51M respectively.📉
But wait! There's a silver lining. BlackRock's IBIT, the heavyweight champ of ETFs, was the only one to record net inflows, albeit a modest $1M.🥊
This outflow frenzy is the worst since late April, but remember, after the storm comes the rainbow. 🌈 Inflows picked up post-April, adding more than $4B in the next 19 days of trading.
BTC prices have been under the weather, but hey, every cloud has a silver lining. So, what's your take on this? Drop your thoughts below.👇 #DeFi #Web3
P.S. Remember, in the world of crypto, what goes down must come up...or is it the other way around? 🤔😉