US Spot Bitcoin ETFs Experience Unexpected Net Outflows of $128.81 Million

Recent data reveals a notable shift in the US spot Bitcoin ETF market, with investors pulling out more than they’re putting in. According to SoSoValue, these investment vehicles recorded net outflows totaling $128.81 million over the past week. This trend marks a departure from the initial excitement surrounding the launch of these funds earlier this year which saw billions poured into them, and is an indicator of changing investor sentiment regarding Bitcoin exposure.