U.S. Bitcoin ETF Flows Turn Positive After Six Days of Outflows
CoinDesk
U.S. spot bitcoin ETFs recorded $240 million in inflows on Thursday, ending a six-day streak of negative flows.Summary
U.S. spot bitcoin ETFs experienced $240 million in inflows on Thursday, marking the first positive flow since October 28 and breaking a streak of six consecutive days of outflows. This positive shift occurred while market sentiment is being pressured by the ongoing U.S. government shutdown, which began on October 1 and has generally correlated with negative ETF flows and a decline in Bitcoin's price. Since the shutdown started, Bitcoin has dropped 11%, while the Nasdaq and gold have risen 2% and 4%, respectively. The persistent uncertainty surrounding the shutdown is expected to continue eroding market confidence and potentially curbing investor appetite for risk assets like Bitcoin.
(Source：CoinDesk)