#Portal 💥💥Bitcoin ETFs Shocks Crypto Market With $88M Outflow, What’s Next?

💢Bitcoin Exchange-Traded Funds (ETFs) witnessed a notable turn of events as they encountered a substantial outflow of $88 million. This occurrence stands in stark contrast to the preceding trend of consistent inflows witnessed over the past three weeks. Data reveals a significant outflow of $199 million from the Grayscale Bitcoin Trust (GBTC). Conversely, “The Nine” ETFs saw an inflow of $111 million.

💢However, it’s pertinent to note the absence of data for FBTC & BITB, leaving uncertainties regarding their inflow status. The $88 million net outflow marks a pivotal shift in market dynamics, triggering speculation regarding its implications. One possible explanation could be GBTC’s decision to sell a portion of its Genesis/Gemini shares. This event underscores the importance of monitoring developments in the crypto market with vigilance.#Write2Earn #TrendingTopic #strk #WLD