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Bitcoin (BTC) News Today: ETF Momentum Falters Amidst GBTC Outflows
On Thursday, BTC declined by 2.54%. Partially reversing a 9.38% surge from Wednesday, BTC ended the session at $60,808. Despite the pullback, BTC avoided sub-$60,000 for the first time since November 2021. BTC-spot ETF market net inflows for February 28 (Wednesday) rose to a record high of $673.4 million. iShares Bitcoin Trust (IBIT) saw net inflows increase from $520.2 million on February 27 to $612.1 million on February 28. Significantly, IBIT held onto the number one spot, with Fidelity Wise Origin Bitcoin Fund (FBTC) seeing net inflows of $245.2 million, up from $126.0 million on February 27. The record high net ... (full story)