Bitcoin ETFs Face Significant Outflows, Bleeding $1.34 Billion in Four Days
Bitcoin ETFs Face Significant Outflows, Bleeding $1.34 Billion in Four Days
Spot Bitcoin Exchange-Traded Funds (ETFs) have experienced substantial outflows, totaling approximately $1.34 billion over a four-day period, with $186.5 million in net redemptions on a single Monday. This trend highlights the volatility of ETF flows, as a major issuer initiated significant selling pressure.
Spot Bitcoin ETFs See Major Redemptions
The week began with worrying signs for Spot Bitcoin ETFs, as they recorded net redemptions of $186.5 million on Monday, adding to a cumulative four-day outflow of roughly $1.34 billion since October 29th. This significant downturn underscores the rapid shifts in market sentiment and capital movement, particularly when a large issuer makes substantial sales. Data indicates that a significant portion of Monday's outflows was concentrated in IBIT, signaling a concentrated selling event rather than a broad market trend.