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US Spot-Bitcoin ETFs Record Third Straight Session of Net Outflows

Guavy AI Editorial Team
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BTC
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US spot-Bitcoin exchange-traded funds (ETFs) continued to see net outflows, posting a third straight session of withdrawals on July 27. According to Trader T data, the total daily net outflows reached $11.65 million. BlackRock's IBIT led the way with $8.83 million in net outflows, followed by Fidelity's FBTC with $2.82 million in withdrawals.

The three consecutive trading sessions of net outflows suggest a shift in investor sentiment towards these funds. It is unclear what specific factors are driving this trend, but it may be related to market volatility or changing investor expectations. BlackRock and Fidelity have yet to comment on the recent developments.

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