Spot Bitcoin ETFs in the US market recorded a net outflow yesterday, ending a 19-day streak of positive inflows.
While Bitcoin ETFs have recorded positive entries since May 10, investors were noted to be risk averse at the beginning of the week ahead of the CPI and FOMC decision. This had a negative impact on the Bitcoin market. While 11 US Bitcoin ETFs recorded a net outflow of nearly $65 million yesterday, the price of Bitcoin, which remained stable yesterday, fell to $67,500 with the decline that began in the early hours of the day.
In spot ETF outflows, GBTC ranked first with nearly $40 million in outflows. Subsequently, BTCO and FBTC recorded financial outflows of $20.5 million and $3 million, respectively. Bitcoin ETFs Bitwise and BlackRocks also recorded partial inflows of $7.6 million and $6.3 million.
All of these data indicate that there will be exciting changes that will occur during the next few days, but after every decline there is a rise, so be patient and seize the opportunity.
