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Spot Bitcoin ETF Outflows Hit $813M Since June 10
Spot bitcoin exchange traded funds have suffered outflows on six of the past seven trading days totaling a net $813 million, according to U.K.-based asset manager Farside Investors—part of a wider sell-off in digital asset investments. Starting June 10, the Grayscale Bitcoin Trust (GBTC) and the Fidelity Wise Origin Fund (FBTC) have seen $413 million and $372 million in outflows, respectively, the most of the 11 funds currently trading. The downturn comes as bitcoin has swooned below $65,000 for the first time since early May, according to crypto markets data provider CoinMarketCap. chart In a note to etf.com, ... (full story)