Bitcoin launches into FOMC week with promising ETF flows and BTC price action sustaining weekend upside.
Bitcoin (BTC) clung to $42,000 at the Jan. 29 Wall Street open as fresh exchange-traded fund (ETF) outflows began.
Data showed BTC price action continuing to retreat from local highs of $42,800 seen over the weekend.
The largest cryptocurrency, fresh from a promising weekly close, faced familiar hurdles into the new week, with outflows from the Grayscale Bitcoin Trust (GBTC) resuming.
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Source: https://cointelegraph.com/news/blackrock-bitcoin-etf-2b-holdings-gbtc-outflows