GBTC outflow slows down, ETF sees capital inflow, Bitcoin returns to 59K
5/2 US ETF data has been released one after another, while IBIT has not yet announced its figures. The net outflow of GBTC is $54.9 million, a significant decrease from the $167 million on 5/1. Other ETFs have also stopped experiencing net outflows and have seen fund inflows ranging from millions to tens of millions of dollars, indicating a potential halt to the overall decline.
Bitcoin, which had dropped to around 56,000 recently, has gradually recovered to 59,000 as of 5/2.
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IBIT
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