Bitcoin ETFs Experience Significant Outflows Amid Price Decline
- Total assets under management for US Bitcoin ETFs are approximately $113 billion, holding around 1.28 million BTC.
- The average cost basis for these ETFs is about $87,830 per Bitcoin.
- Bitcoin (BTC) fell approximately 11% from $84,000 to a nine-month low of near $74,600 last week.
- Over the past two weeks, Bitcoin ETFs saw outflows totaling $2.8 billion, including $1.49 billion last week.
- Assets under management for spot Bitcoin ETFs have declined by about 31.5% since October’s peak of $165 billion.
The recent outflows and declining prices indicate that many investors are facing underwater positions in their Bitcoin ETF purchases as market conditions worsen amid macroeconomic uncertainty.
With Bitcoin down nearly $9,400 from its recent high and significant outflows recorded, the average ETF purchase is currently underwater.(Source)
