via Cointelegraph · By Cointelegraph Staff
Spot Bitcoin ETFs Lose $1B in a Week, Ending Six-Week Inflow Streak
BTC/USDT
$30,271,987,954.73
$63,239.06 / $59,102.70
Change: $4,136.36 (7.00%)
+0.0002%
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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