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CryptoNewsZ 2024-03-01 11:30:11

GBTC outflows pull down ETF momentum

Bitcoin ETFs lost their momentum amid heavy outflows from GBTC. On February 29, 2024, the number stood at $599 million. Since the US Securities & Exchange Commission announced the launch of Spot Bitcoin ETFs on January 10, 2024, this is the second-highest outflow. Nevertheless, BlackRock and Fidelity continued to see an upward trend in their …

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