Spot Bitcoin ETFs Lose $1B in a Week, Ending Six-Week Inflow Streak
Summary
Spot Bitcoin ETFs experienced a significant reversal last week, recording $1 billion in net outflows and ending a six-week growth period that had previously attracted $3.4 billion. According to SoSoValue, daily performance fluctuated, with Wednesday marking the highest single-day loss of $635.23 million. While Bitcoin ETFs struggled, market analysts at Bitunix noted that capital is rotating toward AI-related stocks and institutional crypto developments. Additionally, spot Ether ETFs faced a consistent five-day streak of outflows, totaling $254.46 million.
(Source:Cointelegraph)