Bitcoin ETF Witnesses Outflows for 7 Consecutive Days

Bitcoin spot ETFs are facing significant outflows of funds, a trend that has continued for seven consecutive trading days. From July 21st to July 24th, the outflow from Bitcoin exchange-traded funds in the United States amounted to $54.41 billion. However, according to data from Farside Investors, this trend is still ongoing, with a net outflow totaling $17.45 billion as of the 24th. Grayscale’s ETF GBTC reported the largest single-day net outflow, reaching $904,000, followed by BlackRock’s IBIT, which had an outflow of $352,000. Read more: [link to article]. Additionally, according to Farside’s data, spot BTC ETFs experienced the largest outflow of funds within two weeks of their approval in January. During this period, investors withdrew a total of $130 million from the funds, according to Yahoo Finance. [image] [image]