Significant Outflows from US Spot Bitcoin ETFs Mark Recent Trend
- US spot Bitcoin ETFs experienced $282.6 million in net outflows on Thursday, the largest since July.
- The total net outflows for the week reached $449 million, reversing part of the previous $3.8 billion inflows.
- Cumulative net inflows for these ETFs now stand at $55.17 billion.
- Spot Ether ETFs saw $29.8 million in outflows, nearly negating Wednesday’s $34.8 million inflow.
- Spot Solana ETFs recorded $483,000 in outflows after a previous day of inflows totaling $11.7 million.
The recent selling trend highlights a shift in investor sentiment regarding spot Bitcoin and other cryptocurrency ETFs, as substantial withdrawals occur following a period of strong inflows.
On Thursday alone, spot Bitcoin ETFs faced their largest outflow in two months with $282.6 million withdrawn, contributing to a total of $449 million this week.(Source)
