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Market Cap:
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Bitcoin Bitcoin Share: 49.84%
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CoinGape
2024-05-01 01:57:05

Bitcoin Faces $182M Outflows Amid Cooling ETF Demand: Bloomberg

Bitcoin Faces $182M Outflows Amid Cooling ETF Demand: Bloomberg

April witnessed a significant shift in Bitcoin’s market dynamics as it faced substantial outflows totaling $182 million from 11 US spot ETFs. This marked a stark departure from the previous month, where the cryptocurrency enjoyed a robust inflow of $4.6 billion in March. The excitement surrounding US exchange-traded funds for Bitcoin has noticeably waned, contributing The post Bitcoin Faces $182M Outflows Amid Cooling ETF Demand: Bloomberg appeared first on CoinGape .

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