Bitcoin ETF Outflows Snap Seven-Day Inflow Streak
US-listed spot Bitcoin exchange-traded funds (ETFs) ended a seven-session streak of net inflows on Thursday, marking their first day of outflows since July 13. The funds recorded $225.2 million in net outflows on the same day they attracted nearly $1 billion in net inflows over the last week.
This significant shift comes as Bitcoin briefly dipped below $65,000 after US stocks fell due to renewed tensions between the US and Iran. At the time of publication, Bitcoin traded at $65,403, having fallen as low as $64,600 according to CoinGecko.
The outflows also coincided with a weakening of market sentiment, with the Crypto Fear & Greed Index falling 3 points to 28 and remaining in 'fear' territory on Friday. In contrast, US-listed spot Ether ETFs continued their inflow streak to five days, attracting $26.3 million in net inflows.