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Editor's PiCK

US spot Bitcoin ETF sees $683 million net outflow last week…trading value rebounds

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Suehyeon Lee
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Summary

  • US spot Bitcoin ETFs posted a $683 million net outflow last week, it said.
  • Over the same period, trading value came in at about $20 billion, indicating trading activity resumed versus the previous week, it said.
  • Despite the recovery in trading value, the net outflow remains large, prompting assessments that institutional flows are staying cautious, it said.
Photo=Trader T
Photo=Trader T

Outflows from US spot Bitcoin (BTC) exchange-traded funds (ETFs) continued, while trading value showed signs of recovering.

According to Trader T on the 12th (local time), US spot Bitcoin ETFs posted a net outflow of $683 million last week (about KRW 998.6 billion). Over the same period, trading value totaled about $20 billion, suggesting a resumption of trading activity from the prior week.

Flows diverged by issuer. BlackRock recorded a $24 million net inflow, while Fidelity saw $481 million pulled out. Grayscale also posted a $194 million net outflow.

Market participants interpret the rebound in trading value as a signal of rising short-term price volatility and increased trading demand, but with net outflows still sizeable, assessments point to institutional flows maintaining a cautious bias. Whether outflows ease going forward is being cited as a key variable for gauging stability in the spot Bitcoin ETF market.

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Suehyeon Lee

shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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