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Bitcoin (BTC) News Today: Spot ETF Inflows Slow as Focus Turns to ETH
On Tuesday (May 21), bitcoin (BTC) declined by 0.80%. Partially reversing a 5.97% rally from Monday (May 20), BTC ended the session at $69,639. The US BTC-spot ETF market saw total net inflows of $237.2 million on Monday (May 20). Significantly, the BTC-spot ETF market reported total net inflows for the sixth session. However, flow data for Tuesday (May 21) suggested waning demand amidst uncertainty about a September Fed rate hike. According to Farside Investors, Grayscale Bitcoin Trust (GBTC) saw zero net flows on Tuesday, ending a four-day run of net inflows. Fidelity Wise Origin Bitcoin Fund (FBTC) saw net inflows ... (full story)