Bitcoin ETFs snap seven-day inflow streak with $225M in outflows
After attracting nearly $1 billion over seven trading sessions, US-listed spot Bitcoin ETFs recorded their first daily net outflow since July 13.
US-listed spot Bitcoin exchange-traded funds (ETFs) ended a seven-session inflow streak on Thursday, marking their first day of net outflows since July 13.
Spot Bitcoin ETFs recorded $225.2 million in net outflows on Thursday, attracting nearly $1 billion in net inflows over the last seven trading sessions, according to SoSoValue.
Despite Thursday’s outflows, the funds had still attracted about $274 million in net inflows this week as of Thursday.
Source: SoSoValue
The outflows came as Bitcoin briefly slipped below $65,000 after US stocks fell amid renewed tensions between the US and Iran. Bitcoin traded at $65,403 at the time of publication after falling as low as $64,600, according to CoinGecko.
Bitcoin market sentiment also weakened, with the Crypto Fear & Greed Index falling 3 points to 28 and remaining in “fear” territory on Friday, according to Alternative.me.
Meanwhile, US-listed spot Ether ETFs extended their inflow streak to five, attracting a net $26.3 million on Thursday, according to SoSoValue.
Related: BitMEX token crashes 90% as exchange announces shutdow
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