Bitcoin ETF Outflows: Seven Straight Days of Withdrawals Signal Market Shift

The US spot Bitcoin ETF market is experiencing a concerning trend. For seven consecutive days, these investments have seen net outflows, signaling potential shifts in investor sentiment. Data reveals that the primary driver behind this outflow was Bitwise’s BTC ETF (BITB), which saw $12.3 million exit on April 11th. This marks the seventh straight day of withdrawals from these highly anticipated investment products. But is it all doom and gloom?