Bitcoin ETF Outflows Total $225M as Price Dips Below $65K
US-listed spot Bitcoin ETFs experienced their first net outflow in eight trading sessions on Thursday, after attracting nearly $1 billion over the previous seven days. The funds recorded a total of $225.2 million in net outflows, according to SoSoValue.
The reversal came as Bitcoin's price briefly dipped below $65,000, following a decline in US stocks amid rising tensions between the US and Iran. At the time of publication, Bitcoin traded at $65,403, down from its recent high.
Despite the outflows, spot Bitcoin ETFs had still attracted about $274 million in net inflows this week as of Thursday. This contrasts with the net outflow of $225.2 million recorded on Thursday.
In related news, US-listed spot Ether ETFs extended their streak of net inflows to five sessions, attracting a total of $26.3 million on Thursday.