Bitcoin ETF Outflows Reach $463M Amid Stalled Rally

Bitcoin exchange-traded funds (ETFs) have seen significant outflows over the past week, totaling $462.7 million in withdrawals.

This marks the first weekly loss for these funds since mid-August and comes after three weeks of heavy investor demand, which saw around $3.8 billion flow into the products.

The decline in ETF inflows is concerning for Bitcoin, as spot ETFs have provided a steady source of buying pressure during its recent rally above $80,000.

Ecoinometrics, a research platform focused on Bitcoin, notes that while a short streak of negative sessions may not be cause for concern, an extended period of outflows would make it increasingly difficult for the cryptocurrency to hold above $75,000.