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Spot Bitcoin ETFs Shed $127M Despite Market Rally
- U.S. spot Bitcoin ETFs experienced net outflows of $127.12 million despite a market rally.
- BlackRock's IBIT had the largest outflows at $89.71 million, followed by Grayscale's GBTC at $33.8 million.
- Bitwise's BITB was the only fund with positive inflows of $6.71 million.
- Investor sentiment and concerns about regulatory overhangs may be driving the outflows.
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