Bitcoin ETF Shock: $425M Outflow Erases Institutional Recovery Hopes
The US spot Bitcoin ETF market faced a massive setback as $424.66 million in net outflows were recorded in a single day. This sudden reversal effectively kills the momentum of the brief recovery seen last week, highlighting the fragile nature of current institutional demand for Bitcoin.
According to SoSoValue data, this massive outflow wipes out the $197.4 million in inflows from the previous week, which had briefly broken an eight-week streak of withdrawals. The sudden shift suggests that the anticipated institutional rebound may still be facing significant headwinds in the volatile crypto landscape.
US-listed spot Bitcoin exchange-traded funds (ETFs) have returned to outflows, reversing the previous week’s short-lived return to positive flows. Spot Bitcoin ETFs recorded $424.66 million in net outflows on Monday, marking their biggest single-day withdrawal in July so far, according to SoSoValue data.
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