Bitcoin ETFs Break Seven-Session Winning Streak Amid Price Drop

Bitcoin's spot exchange-traded funds (ETFs) in the US experienced a significant shift last Thursday, breaking their seven-session winning streak. The funds saw net outflows of $225.2 million, marking the first day of negative flows since mid-July.

This move coincided with Bitcoin's price falling below the $65,000 mark, which may have contributed to the pullback in investment. Despite this one-off dip, the overall balance of inflows since the ETFs' approval earlier this year remains at record levels.

Investors and analysts are closely monitoring institutional activity to assess Bitcoin's next price move as the market absorbs recent profit-taking. The trend reversal is a notable shift from the previous seven days, during which spot Bitcoin ETFs accumulated nearly $1 billion in inflows.