US Spot Bitcoin ETFs See Outflows After 10-Day Inflow Run

A recent period of positive inflows for US-based spot Bitcoin exchange-traded funds (ETFs) has come to an end, with a total net outflow of $358.6 million reported on Thursday. This marks the largest daily net outflow since March 11th and brings the 10-day inflow streak to a halt after over $4 billion in inflows across 12 ETFs. BlackRock’s IBIT fund was an outlier, reporting impressive net inflows of $125 million despite others experiencing significant outflows.