Bitcoin ETF Sees $127.2 Million Net Outflow as BlackRock Leads with $89.7 Million Loss

COINOTAG reports on April 10th that recent analysis by Farside Investors indicates a significant net outflow from US Bitcoin spot ETFs amounting to $127.2 million. Notably, BlackRock’s IBIT ETF experienced a hefty outflow of $89.7 million, underscoring investor caution. Conversely, Bitwise’s BITB ETF saw an influx of $6.7 million, suggesting a select interest in specific crypto assets. Other notable figures include VanEck’s HODL ETF with a reduction of $4.7 million, Wtree’s BTCW ETF down by $5.7 million, and Grayscale’s GBTC losing $33.8 million. This trend reflects a complex market sentiment and highlights the fluctuating demands within the cryptocurrency sector, warranting attention from investors and analysts alike.