Crypto
Bitcoin ETFs Suffer Record Outflow Amid BTC Support Zone Approach
Bitcoin ETFs suffered a significant outflow of $202 million on Friday, according to SoSoValue. This marks the end of nine consecutive inflow sessions for U.S. spot Bitcoin ETFs.
The largest withdrawal came from ARKB, which lost $114.89 million during the session. BITB posted $49.69 million in withdrawals, while IBIT recorded $33.40 million. HODL also lost $13.17 million, but MSBT added $9.34 million to partly offset these withdrawals.
Cumulative net inflows across the sector totaled $54.63 billion after Friday's activity. Meanwhile, Metaplanet deposited 3,000 BTC worth $237 million into Coinbase Prime within 24 hours.