BitcoinBitcoin's Value Plummets to $62K Amidst Unfavorable Response

Bitcoin’s Value Plummets to $62K Amidst Unfavorable Response

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Bitcoin ETFs in the US market experienced a net outflow of $15.64 million on Tuesday, which is lower compared to the previous week. SoSoValue data shows that Grayscale’s GBTC saw a net outflow of $29 million, while BlackRock’s IBIT recorded a minimal net inflow. Fidelity’s FBTC had a net inflow of $4 million, while Ark Invest’s ARKB had $3 million. Invesco Galaxy’s BTCO recorded the highest net inflow of $6 million for the day. The total valuation of these 11 spot BTC ETFs amounted to $52.25 billion.

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