US Bitcoin ETFs experience significant outflows as BTC struggles
- US spot Bitcoin ETFs saw $263 million in outflows.
- This marks the end of a nine-day inflow streak for these funds.
- Bitcoin’s price failed to reclaim the $80,000 mark during this period.
- As of now, Bitcoin is trading below $77,000.
The recent outflows from Bitcoin ETFs reflect investor sentiment as Bitcoin struggles to maintain upward momentum in its price recovery efforts.
With $263 million in outflows and Bitcoin trading below $77,000, the market is reacting to the inability of BTC to surpass the $80,000 threshold.(Source)
