Spot bitcoin ETFs extend negative streak to four days with $40 million in outflows

U.S. spot bitcoin exchange-traded funds recorded $40.5 million in net outflows on Monday, extending the streak of negative flows to four days, following significant outflows on Thursday and Friday. BlackRock's IBIT accounted for $100.7 million in outflows, which was partially counteracted by inflows into five other ETFs. This trend occurred as Bitcoin briefly rebounded above $111,000 before falling to $107,871 by Tuesday morning ET. An expert noted that price movements amid ETF outflows suggest market structure dynamics like hedging and derivative rotations are influencing the data, rather than a simple split between institutional and retail sentiment. Separately, spot Ethereum ETFs also saw $145.7 million in net outflows on Monday, their third straight day of negative flows.

(Source：The Block)