Spot Bitcoin ETFs See Third Straight Week Of Outflows, Australia Considers Approval
Spot Bitcoin ETFs have recorded their third consecutive week of net outflows, totaling $435 million. The trend coincides with Australian regulators possibly approving spot Bitcoin ETFs. What Happened: According to a Coinshares report, Grayscale accounted for the majority of the outflows, with $454.1 million in outflows last week alone—the lowest level in nine weeks. The net flows of some of the biggest spot ETFs looked as follows: This comes in the wake of bitcoin’s correction after hitting its latest all-time high of $73,836 on March 14. James Butterfill, Head of Research at CoinShares, repor…