Bitcoin ETFs Experience Significant Outflows Following Strong Inflow Period
- US-listed spot Bitcoin ETFs saw $120.2 million in net outflows on Wednesday.
- Total withdrawals for the week reached $166.8 million, marking the first back-to-back outflow days since August.
- The two-day pullback erased approximately 4.4% of the $3.8 billion attracted during the funds’ strongest three-week stretch of the year.
- Cumulative net inflows for Bitcoin ETFs since launch total around $55 billion, with a current year-to-date outflow of about $1.07 billion.
- In contrast, spot Ether ETFs attracted $34.7 million on Wednesday after previous withdrawals.
The recent fluctuations in ETF flows highlight investor sentiment amid changing market conditions, particularly as Bitcoin trades near $78,000 and Ether around $2,470.
With Bitcoin ETFs shedding $167 million over two days, this marks a notable shift following a strong inflow period earlier in the month.
