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Crypto

Bitcoin Price Drops Amid $202M Outflow from US Spot ETFs

Guavy AI Editorial Team
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Bitcoin ETFs experienced significant outflows on Friday, amounting to $202 million. This sudden movement put pressure on the price of Bitcoin.

The U.S. spot Bitcoin ETFs recorded $201.81 million in outflows, ending nine consecutive inflow sessions. Meanwhile, Ethereum ETFs attracted $102 million, extending their inflow streak to 10 days.

Metaplanet deposited 3,000 BTC worth $237 million into Coinbase Prime within 24 hours. However, such transfers do not confirm a sale.

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