{"id":31052,"date":"2024-04-10T19:40:37","date_gmt":"2024-04-10T19:40:37","guid":{"rendered":"http:\/\/icoinmarket.com\/bitcoin-pullback-etf-outflows-signal-market-jitters-pre-cpi\/"},"modified":"2024-04-10T19:40:37","modified_gmt":"2024-04-10T19:40:37","slug":"bitcoin-pullback-etf-outflows-signal-market-jitters-pre-cpi","status":"publish","type":"post","link":"https:\/\/icoinmarket.com\/bitcoin-pullback-etf-outflows-signal-market-jitters-pre-cpi\/","title":{"rendered":"Bitcoin Pullback, ETF Outflows Signal Market Jitters Pre-CPI"},"content":{"rendered":"
\n<\/p>\n
Bitcoin (BTC) has retreated to the $68,000 range after hovering around $70,000 for several days. BTC is currently trading at $69,100, marking a recent decline.<\/p>\n
This downturn aligns with two consecutive days of negative outflows for US-traded spot Bitcoin exchange-traded funds (ETFs).<\/p>\n
Farside data reveals that the US spot Bitcoin ETFs experienced outflows totaling $223.8 million on April 8, 2024, followed by $18.6 million on April 9, 2024. <\/p>\n
Grayscale Bitcoin Trust (GBTC) remains the primary driver of these outflows, with a total of $458.2 million over the two days.<\/p>\n
Read more: How To Trade a Bitcoin ETF: A Step-by-Step Approach<\/p>\n