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Net inflows into spot bitcoin ETFs slowed last week, but remained positive before bitcoin’s price shot up above $72,000 Monday morning.
Bankrupt lender Genesis finished selling its shares of the Grayscale Bitcoin Trust ETF (GBTC) — a process that appeared to periodically weigh down the segment from a flows perspective.
The 11-fund US BTC fund segment reeled in $485 million of positive net flows from April 1 to April 5, according to Farside Investors data.
Read more: ETFs helped ‘legitimize’ bitcoin ahead of halving: Q&A
The total — reflecting an average daily net inflow of $97 million — was a slowdown from the average daily inflows of $211 million seen during the week prior,…
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