Bitcoin Hits $62K, ETF Outflows Continue for Two Consecutive Days, Grayscale GBTC Selling Shows No Sign of Relief

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Bitcoin Spot ETF Outflows for Two Consecutive Days
GBTC Selling Wave Continues
Bitcoin Faces Halving, ETF Cooling, and War
Bitcoin Spot ETF Outflows for Two Consecutive Days
SoSo Value
Data shows that the Bitcoin Spot ETF has once again experienced two consecutive days of net outflows, with a total net outflow of $36.67 million on April 15th.
The data for various ETFs on April 15th is as follows:
Grayscale GBTC: -$110 million
BlackRock IBIT: $73.4 million
Bitcoin Spot ETF Flow
GBTC Selling Wave Continues
Previously, on April 10th, Grayscale GBTC had only a net outflow of -$17.5 million, reaching a historical low. This was seen as a sign that the GBTC selling wave had ended. However, in the following three days, GBTC outflows continued to exceed $100 million:
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GBTC Daily Outflows
Bitcoin Faces Halving, ETF Cooling, and War
On April 13th, Bitcoin hit a low of $60,000, and as of the time of writing, it was around $62,840, with a decline of about -11.67% since April.
The decline mainly occurred during the Iran’s attack on Israel, but Bitcoin has been unable to regain stability above $70,000 due to factors such as the decrease in inflows of spot ETFs and the upcoming halving.
Related news is as follows:
Iran’s attack on Israel causes Bitcoin price to plummet to 60K
Israel’s lack of retaliatory strike against Iran temporarily eases market concerns, Bitcoin returns to 65K
Bitcoin drops to 66K, market liquidation reaches 900 million pounds! Analysts: Miners sell off 5 billion pounds of inventory, future six months will be bleak
BTC/USDT Daily Chart | OKX
GBTC
Bitcoin Spot ETF
Grayscale
Further Reading
End of Selling? GBTC Net Outflows Reach Historic Low, Bitcoin Rebounds to 71K
Grayscale CEO: GBTC Net Outflows Gradually Balanced, Expects Fee Reduction