Spot Bitcoin ETFs end three-week inflow streak with $463 million outflow
- —Net outflow from spot Bitcoin ETFs for the week was $463 million
- —ARKB: $234 million outflow, historical inflow of $1.22 billion
- —GBTC: $129 million outflow, historical outflow of $27.78 billion
- —Total ETF assets are $97.58 billion, or 6.28% of BTC's market cap
Why it matters: The halt in inflows signals weakening institutional demand and could add pressure on Bitcoin's price.
Source: PANews