Bitcoin ETF Outflows Reach $40.5 Million as Market Weakness Persists

Spot Bitcoin ETFs in the US have experienced a four-day streak of outflows, totaling $40.5 million this week, as the crypto market struggles to maintain its recent momentum. This follows a series of negative ETF flows, with last Friday seeing an outflow of $366.6 million and Thursday’s outflow reaching $536.4 million, marking consecutive days of outflows in the face of persistent market weakness. BlackRock’s Bitcoin ETF, iBIT, has also faced its own significant outflow of $100.7 million, highlighting the continued lack of investor confidence in this space.