Bitcoin price slides amid Grayscale ETF sell-off

Bitcoin fell 4% over the past 24 hours, dipping below $65,000 (£51,919) after outflows from Grayscale's exchange-traded fund GBTC hit $130m on Wednesday, and BlackRock paused a 71-day inflow streak into its fund. Read more: Crypto live prices According to Coingecko data, bitcoin (BTC-USD) is currently changing hands for $64,288. Wednesday saw Grayscale's GBTC experiencing outflows of $130.4m, while inflows into other ETFs decelerated, dampening the momentum of the bitcoin bull run. Read more: What is a spot bitcoin ETF and why it has sparked a crypto rally? Also, BlackRock's (BLK) iShares Bitcoin Trust IBIT fund failed to attract any investor funds for the first time since its inception on January 11, ending a streak of 71 consecutive days of inflows. Following IBIT's example, seven out of the other ten spot bitcoin ETFs also reported zero daily inflows. According to data from Farside Investors, the only ETFs that recorded inflows on Wednesday were Fidelity’s FBTC and the ARK 21Shares Bitcoin ETF (ARKB), with inflows of $5.6m and $4.2m, respectively. Bitcoin is not the only digital asset that has fallen in the past day. Of the crypto majors, Solana (SOL-USD) posted 7% fall in the past 24 hours to $146, according...

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