PiCK
Bitcoin spot ETFs log net outflows for a fifth straight week…“$3.8 billion has exited”
Summary
- It reported that about $315.9 million in net outflows occurred this week from Bitcoin (BTC) spot ETFs listed on U.S. exchanges.
- Bitcoin spot ETFs have seen net outflows for five straight weeks, with roughly $3.8 billion leaving over the period.
- However, it noted that Bitcoin spot ETFs are still posting cumulative net inflows of about $54.01 billion.
Bitcoin (BTC) spot exchange-traded funds (ETFs) again failed to stage a turnaround in weekly fund flows this week.
On the 21st (Korea time), digital asset news outlet Cointelegraph, citing SosoValue data, reported that roughly $315.9 million in net outflows occurred this week from Bitcoin spot ETFs listed on U.S. exchanges. As a result, Bitcoin spot ETFs have posted net outflows for five consecutive weeks on a weekly basis, with total withdrawals over the period amounting to $3.8 billion.
The week with the largest net outflow was the final week of January. Over five trading days, about $1.49 billion flowed out on a net basis.
Still, on a cumulative basis to date, Bitcoin spot ETFs have recorded around $54.01 billion in net inflows.
The outlet assessed that “the recent outflows from Bitcoin spot ETFs stem from institutional investors’ moves to reduce allocations to risk assets as macroeconomic uncertainty increases.”
Meanwhile, over the same period, Ethereum (ETH) spot ETFs also recorded weekly net outflows for five consecutive weeks.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
![[Analysis] "Retail investors keep buying Bitcoin…a rally needs institutional demand"](https://media.bloomingbit.io/PROD/news/b774fc7b-a993-4be9-99a5-784ef5d5372d.webp?w=250)
