Markets· ★★★· bearish·

Bitcoin ETFs see second straight day of outflows at $295.9M

  • —Daily outflow from US bitcoin ETFs was $295.9 million
  • —IBIT lost $144.1 million, ARKB $84.4 million and FBTC $52.7 million
  • —Two-day outflows reached $746.3 million, including $450.4 million the previous day
  • —The only inflow was $3.5 million into MSBT
Why it matters: Persistent ETF outflows add pressure on bitcoin's price and signal weak institutional demand.
#BTC
Source: Bloomingbit
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