Spot Bitcoin exchange-traded funds (ETFs) in the United States have witnessed net outflows for the third day in a row, tempering the initial excitement seen in early March as over $58 million exited these products yesterday, bringing the total net inflow down to roughly $12.43 billion.
The supply of Bitcoin on centralized cryptocurrency exchanges could be depleted in as little as nine months over the upcoming halving event, according to a report by cryptocurrency exchange Bybit.
Senator Sherrod Brown (D-OH), a prominent crypto skeptic and Chair of the Senate Banking Committee, has signaled openness to advancing a new law for stablecoins. However, his support hinges on bundling the stablecoin bill with other, unrelated measures.
Top stories in the Crypto Roundup today:
- Bitcoin ETFs See Third Consecutive Day of Net Outflows
- Bitcoin Exchange Reserves Face Potential Depletion in Nine Months: Bybit
- Crypto Skeptic Senator Open to Stablecoin Bill, With Strings Attached
- Chart of the Week: Open Interest Experiences Significant Decline