According to data provided by Farside Investors, net outflows from spot Bitcoin ETFs continued for the second day in a row, reaching $58 million on April 16. However, there has been a slowdown in outflows from the Grayscale Bitcoin ETF GBTC, with a total of $79.4 million on April 18. The cumulative outflows from the Grayscale BTC ETF currently amount to $16.46 billion. Interestingly, even the ETF ARKB from Ark Invests experienced net negative outflows of $13 million on the same day.
What is causing the increase in fear, uncertainty, and doubt surrounding Bitcoin as the halving approaches in just 48 hours?
Date: