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U.S. spot Bitcoin exchange-traded funds (ETFs) experienced their largest outflows since May 1, with net outflows reaching $287.78 million on Tuesday

According to , BlackRock’s IBIT, the largest spot Bitcoin ETF by assets, reported no significant flows for the day.

On the other hand, Grayscale’s GBTC, the second-largest spot Bitcoin ETF, saw $50.39 million withdrawn.

Fidelity’s FBTC faced the heaviest losses, with $162.26 million in outflows.More Funds See Outflows

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