Bitcoin ETFs Suffer Third Consecutive Day of Outflows Amid Price Volatility

Bitcoin ETFs have seen significant outflows in recent days, with $282.56 million netted out on Thursday alone. This marks a third consecutive day of losses for these funds, which are closely tied to the price of Bitcoin. The major funds ARKB, GBTC, and FBTC led the selloff, contributing to a total weekly outflow of $449.44 million.

However, not all crypto ETFs are seeing red. XRP ETFs stood out by attracting $5.14 million in fresh capital, showing resilience despite XRP's recent price dip. This trend highlights ongoing cautious institutional demand for Bitcoin ETFs, with the final trading session of the week expected to reveal if outflows will deepen further.