Bitcoin ETF Market Sees Three-Day Losing Streak Extend to $282M

The Bitcoin ETF market saw significant outflows on Thursday, extending its three-day losing streak to $282.56 million. This decline comes as the price of Bitcoin hovers near $77,000, raising questions about institutional demand. Among the six funds that finished in negative territory, ARK's ARKB led the exits with $164.32 million.

Grayscale's GBTC followed closely behind with $36.38 million in outflows, while Fidelity's FBTC shed $33.55 million. Blackrock's IBIT lost $24.46 million, and Vaneck's HODL recorded a $15.27 million outflow. Bitwise's BITB brought up the rear with a $12.56 million exit.

However, not all funds were experiencing losses. Morgan Stanley's MSBT saw a small influx of $3.98 million. Despite this, the net assets of Bitcoin ETFs fell to $97.49 billion, and daily trading value reached $1.70 billion.