Bitcoin ETFs Reverse Course with $225M Outflow, Ending Seven-Day Streak

Bitcoin ETFs saw a significant reversal on Thursday, ending their seven-day streak of net inflows. The funds recorded $225.2 million in net outflows, bringing an end to the consecutive trading sessions that had attracted nearly $1 billion.

The outflow arrived as Bitcoin briefly dropped below $65,000 following weakness across US equity markets and renewed tension between the United States and Iran. Despite this, spot Bitcoin ETFs still held about $274 million in weekly net inflows through Thursday.

Market sentiment also weakened, with the Crypto Fear and Greed Index falling three points to 28 on Friday, keeping it firmly inside its fear category. The seven-session streak delivered about $981.2 million in net inflows, according to figures cited by Santiment.