U.S.-listed bitcoin (BTC) exchange-traded funds (ETFs) posted over $226 million in net outflows on Thursday, marking the third consecutive day of outflows, with notable withdrawals from Fidelity's FBTC ($106 million) and Grayscale's GBTC ($62 million).
The net outflows from U.S.-listed bitcoin ETFs have reached $564 million in three days, reflecting a significant downturn compared to the end of April when $1.2 billion was withdrawn over six days amidst market volatility tied to U.S. inflation reports and Federal Reserve meetings.
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