U.S. Bitcoin ETFs Experience Record Nine-Day Outflow Streak
- U.S. spot bitcoin ETFs have recorded nine consecutive trading days of net outflows.
- Investors withdrew approximately $2.8 billion during this streak, surpassing previous selling periods.
- This week alone, the funds shed around $1.3 billion, marking three consecutive weeks of outflows.
- Monthly withdrawals now total roughly $2.3 billion as bitcoin’s price declined from about $80,000 to $73,000.
- Historically, sustained ETF outflows have coincided with market stress and potential local bottoms for bitcoin.
The recent outflows from bitcoin ETFs reflect broader market trends as investors shift focus towards AI-related equities and semiconductor stocks amid declining bitcoin prices.
With approximately $2.8 billion withdrawn over nine days, this marks a significant period of selling pressure for bitcoin investment products.
