Spot bitcoin ETFs continue outflow streak amid $1.3 billion IBIT whale trade
The Block
U.S. spot bitcoin ETFs saw $333.7 million in outflows on Tuesday, marking seven consecutive days of negative flows alongside a major IBIT block trade.Summary
U.S. spot bitcoin ETFs extended their outflow streak to seven days, recording $333.7 million in net withdrawals on Tuesday. BlackRock's IBIT led the outflows with $192.4 million, though the fund also saw a notable $1.3 billion bulk trade. Analysts view this large transaction as a sign of institutional liquidity, as the market absorbed the volume without significant price impact, even as bitcoin ETFs faced total outflows of $1.88 billion over the past week.
(Source：The Block)