Bitcoin Spot ETFs Experience $104 Million Outflow Amid Market Volatility

Despite a period of intense market volatility, Bitcoin spot ETFs faced significant withdrawals totaling $104 million yesterday. Grayscale led the outflows with $82.9 million in redemptions, followed by Invesco and BlackRock, who reported $11 million and $10 million respectively. These figures reflect cautious investor sentiment towards Bitcoin during a time of market uncertainty. Notably, Ethereum ETFs exhibited increased inflows. This trend showcases a shift in market dynamics as investors seek refuge in alternative crypto assets like Ethereum in response to volatility.