The spot Bitcoin (BTC) exchange-traded fund (ETF) has seen a significant outflow of approximately $13.99 billion, marking the fifth consecutive day of decline as of the 20th of the month.
Grayscale’s GBTC has been particularly hard hit, with a daily outflow of $531,000, while Bitwise ETF (BITB) is also facing an outflow of $315,000.
In contrast, BlackRock’s IBIT ETF, a well-known fund, has seen an inflow of $15,000.
Bitcoin ETFs have experienced capital outflows for five consecutive days. The total outflows on the 17th and 18th of the month were $1.9 billion and $1.52 billion, respectively, with the market closed on the XNUMXth due to a holiday.
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The most optimistic scenario for Ethereum prices
Now everyone is viewing the U.S. private sector PMI released on the XNUMXst of the month as a potential catalyst for change. If the data suggests that the Federal Reserve may cut interest rates in XNUMX, it could potentially prevent capital outflows.
