Bitcoin spot exchange-traded funds (ETFs) in the United States have broken their seven-session winning streak. On Thursday, they registered net outflows of $225,2 million, a move that coincided with BTC's price falling below the $65.000 mark.
The end of the streak of inflows into Bitcoin ETFs
After accumulating nearly $1.000 billion over seven trading days, spot Bitcoin ETFs in the US saw net outflows of $225,2 million last Thursday. This trend reversal marks the first day of negative flows since mid-July. Despite this one-off pullback, the overall balance of inflows since its approval earlier this year remains at record levels.
As the market absorbs the recent profit-taking, investors and analysts continue to closely monitor institutional activity to assess Bitcoin's next price move.
Investing in cryptoassets is not fully regulated, may not be suitable for retail investors due to high volatility and there is a risk of losing all invested amounts.
