Bitcoin Spot ETFs See Four Consecutive Days of Outflows Amid Price Volatility

Bitcoin spot exchange-traded funds (ETFs) have seen four consecutive days of outflows, totaling $40.5 million on Monday alone.

The fourth day of negative flows was led by BlackRock's IBIT, which saw $100.7 million leave the fund, according to data from SoSoValue.

Five other funds managed by Fidelity, Grayscale, Bitwise, VanEck, and Invesco recorded inflows that partially offset BlackRock's losses.

The outflows occurred as Bitcoin briefly climbed above $111,000 on Monday following a three-day decline. However, the flagship cryptocurrency dropped 3% over the subsequent 24 hours to reach $107,871 as of 7:10 a.m. UTC Tuesday.

Vincent Liu, Chief Investment Officer at Kronos Research, explained that prices advanced despite ETF outflows as spot and derivatives demand compensated for institutional redemptions.