On Thursday, May 9, U.S. Spot Bitcoin ETFs experienced a significant net outflow totaling $11.3 million, with Grayscale’s GBTC ETF leading the exodus with $43.4 million in negative flows. Despite this, GBTC saw an influx of over $60 million the previous Friday, indicating volatile investor interest. In contrast, Blackrock’s IBIT ETF and Bitwise’s BITB ETF attracted $14.2 million and $6.8 million in inflows, respectively, showcasing growing investor confidence in these alternatives. The Bitcoin price rebounded past $63,000, suggesting a resilient market sentiment. This juxtaposition of outflows and price resilience highlights the complex dynamics in the cryptocurrency investment space, underscoring the strategic importance of understanding investor behavior and market trends.
[Read more about the ETF flows and market trends](https://www.coinglass.com/currencies/BTC)
