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Spot Bitcoin ETF Flows Sag Amid Investor Caution
After rising for a couple of days, flows to spot bitcoin exchange traded funds returned to their recent foothold in negative territory last week as investors continued to treat the risk-on asset warily. Flows to the 11 ETFs that started trading this year dropped into the red on three of the past four days, totaling almost $112 million, according to U.K.-based asset manager Farside Investors. The hemorrhaging stemmed largely from an exodus of assets from the largest fund by assets under management, the Grayscale Bitcoin Trust (GBTC) and dramatically reduced inflows to funds that had racked up record inflows through ... (full story)