PiCK
US Bitcoin (BTC) Spot ETF Records Net Outflows for 5 Consecutive Weeks... Longest Streak in History
JH Kim
Summary
- "U.S. Bitcoin (BTC) spot ETFs have recorded net outflows for 5 consecutive weeks, setting a new record for the longest streak."
- "The previous longest streak was in April last year when net outflows occurred for 4 consecutive weeks."
- "The continuous outflow of funds from Bitcoin ETFs suggests weakening investor confidence in Bitcoin."
Julio Moreno, senior analyst at CryptoQuant, reported on the 17th (local time) via X (formerly Twitter) that "U.S. Bitcoin (BTC) spot exchange-traded funds (ETFs) have recorded net outflows for 5 consecutive weeks, setting a new record for the longest streak" and added that "the previous longest streak was in April last year when net outflows occurred for 4 consecutive weeks."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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