Spot bitcoin ETFs in the U.S. witnessed their fifth consecutive day of outflows, with over $900 million losses this week, led by Grayscale's GBTC and Fidelity's FBTC.
BlackRock's IBIT was the only U.S.-listed Bitcoin ETF to experience net inflows, amidst a scenario where other products either saw zero net flow or outflow activity.
The outflow situation observed in U.S.-listed Bitcoin ETFs is the most severe since late April when there were $1.2 billion in total net outflows before a brief inflow period.
Bitcoin prices have faced challenges recently due to significant sales by large holders, along with the impact of dollar strength and the performance of the U.S. technology index market.
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