Spot bitcoin ETFs post $463M weekly outflow
- —Weekly net outflow was $463 million after three weeks of inflows
- —ARKB lost $234 million, GBTC lost $129 million
- —MSBT from Morgan Stanley attracted $20 million during the week
- —Total ETF assets reached $97.58 billion, or 6.28% of BTC's market cap
Why it matters: A reversal of ETF flows into outflows could add pressure on bitcoin's price in the short term.
Source: CoinPost