Spot Bitcoin ETFs Experience $1 Billion in Outflows, Ending Inflow Streak
- Spot Bitcoin exchange-traded funds (ETFs) saw $1 billion in net outflows last week, breaking a six-week inflow streak.
- The week began with modest inflows of $27.29 million on Monday but shifted dramatically with Tuesday’s outflows of $233.25 million.
- Wednesday marked the worst day, with outflows reaching $635.23 million, followed by a recovery of $131.31 million on Thursday.
- Friday saw another exit of $290.42 million, culminating the week at total net assets of $104.29 billion.
- Cumulative net inflows across all products stand at $58.34 billion despite the recent downturn.
This significant outflow reflects shifting investor sentiment and market dynamics, particularly as capital rotates towards AI and crypto institutionalization efforts.
The recent wave of selling has left spot Bitcoin ETFs with a cumulative loss of $1 billion for the week after previously attracting substantial inflows totaling $3.4 billion over six weeks.(Source)
