Bitcoin Spot ETF Experiences Fifth Consecutive Day of Outflows

For the fifth consecutive day, investors are pulling money out of Bitcoin spot ETFs, with a net outflow of $127 million recorded on April 9th according to PANews. Bitwise’s BITB was the lone product to experience an inflow of $6.7123 million. In contrast, BlackRock’s IBIT saw the largest outflow, totaling $89.7123 million. Currently, Bitcoin spot ETFs hold a total net asset value of $91.79 billion, accounting for 5.56% of the cryptocurrency’s market capitalization. Cumulative inflows to date stand at $35.51 billion.