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Bitcoin Witnesses Shift in Momentum as Institutional Outflows Diminishes.
Bitcoin may be witnessing a shift in momentum as institutional outflows diminish.
This comes amid discussions surrounding the United States Spot Bitcoin ETFs which have faced challenges signifying a potential consolidation phase before Bitcoin reaches an all-time high again.
The series of GBTC outflows coincided with reports of the bankrupt crypto lender Genesis liquidating its GBTC holdings.
The sell-off could be nearing its end, potentially easing the downward trends observed in ETFs.
Despite challenges, spot Bitcoin ETFs have been historically successful, amassing $12.15 billion in cumulative flows.
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