US Spot Bitcoin ETFs Record $201M Outflows
U.S. spot Bitcoin exchange-traded funds recorded $201 million in net outflows for the third consecutive trading day, according to bloomingbit.
U.S. spot Bitcoin exchange-traded funds recorded $201 million in net outflows for the third consecutive trading day, according to bloomingbit. The latest figures extend a negative streak for the institutional investment vehicles.
Outflows Continue
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The consecutive sessions of negative flows highlight ongoing capital withdrawals from the spot Bitcoin products across the U.S. market. The data reflects sustained selling pressure or profit-taking among institutional market participants utilizing these exchange-traded products.
Key facts
- U.S. spot Bitcoin ETFs registered $201 million in net outflows.
- The decline marks the third straight trading day of negative net flows.
- The data was reported by bloomingbit.
Source: news.google.com
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