Bitcoin ETFs see $225M outflow, ending a $1B inflow streak amid market jitters and geopolitical tensions.
US-listed Bitcoin ETFs experienced a net outflow of $225.2 million on Thursday, breaking a seven-day streak of inflows totaling nearly $1 billion. This reversal coincided with Bitcoin briefly dropping below $65,000 amid weakening US equity markets and renewed US-Iran tensions. Despite the outflow, Bitcoin ETFs still recorded about $274 million in weekly net inflows through Thursday. Market indicators suggest cautious professional demand, with Bitcoin needing to recover above $69,000 to sustain its rebound and potentially move toward $84,000. Meanwhile, US spot Ether ETFs continued to attract inflows, extending their positive streak to five sessions.
US-listed Bitcoin ETFs experienced a net outflow of $225.2 million on Thursday, breaking a seven-day streak of inflows totaling nearly $1 billion. This reversal coincided with Bitcoin briefly dropping below $65,000 amid weakening US equity markets and renewed US-Iran tensions. Despite the outflow, Bitcoin ETFs still recorded about $274 million in weekly net inflows through Thursday. Market indicators suggest cautious professional demand, with Bitcoin needing to recover above $69,000 to sustain its rebound and potentially move toward $84,000. Meanwhile, US spot Ether ETFs continued to attract inflows, extending their positive streak to five sessions.
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