Bitcoin Spot ETFs See Largest Daily Outflow Since July

The Bitcoin spot ETFs have seen their largest daily outflow in nearly two months, according to data from SoSoValue. On Thursday, these funds recorded a net outflow of $282.6 million, reversing some of the $3.8 billion in net inflows they experienced during their strongest three-week stretch this year.

This latest outflow marks a significant shift in investor sentiment, with total net assets across the funds standing at $97.5 billion. The ARK 21Shares Bitcoin ETF (ARKB) was the largest contributor to Thursday's withdrawals, accounting for $164 million of the outflows, followed by Grayscale's Bitcoin Trust ETF (GBTC) and Fidelity's FBTC.

The $449 million in total outflows over three days is a worrying sign for the market. This comes after a strong stretch for these funds, which may indicate that investors are becoming increasingly risk-averse or have changed their investment strategies.