Spot bitcoin ETFs extend negative streak, reporting $400 million in outflows
The Block
U.S. spot bitcoin ETFs experienced a third consecutive day of net outflows, totaling nearly $400 million on Thursday.Summary
U.S. spot bitcoin exchange-traded funds (ETFs) recorded $398.95 million in net outflows on Thursday, marking their third straight day of negative flows. Major funds like BlackRock's IBIT and Fidelity saw significant redemptions, contributing to approximately $1.12 billion exiting the ETFs over the last three days, nearly erasing initial inflows. Spot Ethereum ETFs also saw substantial outflows of $159.17 million. An analyst suggested these outflows reflect portfolio rebalancing and profit-taking rather than a fundamental shift in institutional demand, noting Bitcoin remains supported by underlying institutional accumulation while hovering near $90,000. Conversely, spot XRP and Solana ETFs reported net inflows.
(Source：The Block)