via Cointelegraph · By Cointelegraph Staff
Spot Bitcoin ETFs Lose $1B in a Week, Ending Six-Week Inflow Streak
BTC/USDT
$5,314,262,687.53
$64,940.51 / $64,220.05
Change: $720.46 (1.12%)
+0.0020%
Longs pay
Spot Bitcoin exchange-traded funds (ETFs) recorded $1 billion in weekly net outflows, ending a six-week inflow streak that had drawn a combined $3.4 billion.
The week started on a cautiously optimistic note, with Monday posting modest inflows of $27.29 million, according to data from SoSoValue. The tide turned sharply on Tuesday, when investors pulled $233.25 million from the funds. Selling…
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