Why is bitcoin falling today as ETF outflows continue

June 11, 2024 – 1 min read

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Why is bitcoin falling today as ETF outflows continue

Bitcoin falling futher 4% today to $67K. ETF had there largest ever outflows over the past few days potentially pushing the price further down as $65M of ETF outflows continue to take place.

People are continuing to wait for CPI numbers on wednesday with futher fed meetings to take place this week, traders warning of volaility in the markets.

Grayscale GBTC led outflows with $40M since going live in Jan

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Written by

Vlad Kozul

Vlad has a BSc, MSc and has previous experience working in finance at Lazard, Bernstein and is a Techstars Alumni and has exited SAAS businesses. His linkedin: https://uk.linkedin.com/in/vladkozul

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