Crypto Gloom

Market action on Monday resulted in $36.7 million outflow from U.S. spot Bitcoin ETFs

Market action on Monday resulted in $36.7 million outflow from U.S. spot Bitcoin ETFsOn Monday, the U.S. spot Bitcoin exchange-traded fund (ETF) experienced another outflow, losing $36.7 million after Friday's outflow. Additionally, after the market closed on Monday, Grayscale's Bitcoin Trust (GBTC) offloaded 2,524.1 Bitcoin worth $159.25 million. Blackrock's IBIT and Fidelity's FBTC led the Bitcoin accumulation as GBTC sold off after the transaction (…)