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International Business Times

Business

Marvie Basilan

Bitcoin Slips To $66K Amid $200M US Spot BTC ETF Outflows

Bitcoin ETF United States BlackRock

Bitcoin has been on a slump in recent days as spot BTC ETFs continue to experience significant outflows. (Credit: AFP)

KEY POINTS

Grayscale's GBTC was the day's leader, with $121 million in outflows
Tuesday's outflows led to the total net asset value of BTC ETFs falling below $60 billion
Bitcoin has since bounced back above $67K but is still down by over 5% in the last 7 days

Bitcoin was down at the beginning of the week and it dipped further Tuesday after U.S. spot BTC exchange-traded funds (ETFs) saw staggering net outflows of $200 million, led once more by Grayscale's GBTC.

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