As Uncertainty Continues in the Crypto Market, Outflows Continue in Bitcoin Spot ETFs! Here Are the Latest Data
The volatility in the cryptocurrency market continues, particularly in the ETF segment. According to SoSoValue data, a net outflow of $166 million occurred from Bitcoin spot ETFs. This marks the third consecutive day of outflows from spot ETFs.
According to the data, the largest outflow was seen in BlackRock’s iShares Bitcoin Trust product, IBIT. IBIT experienced a net outflow of $164 million on that day, while its historical total net inflow stands at $61.238 billion.
Valkyrie’s Bitcoin ETF, codenamed BRRR, recorded a net outflow of $1,701,300. BRRR’s total net inflow to date is reported as $314 million.
According to the information in the news report, the total net asset value of Bitcoin spot ETFs stands at $84.37 billion. The net asset ratio is calculated at 6.28%, while the cumulative total net inflow has reached $53.925 billion.
Recent price fluctuations and global macroeconomic uncertainties may have led to a decrease in risk appetite among ETF investors. Analysts emphasize that inflow and outflow data in spot ETFs are critical for understanding the direction of institutional demand.
*This is not investment advice.
