Spot Bitcoin ETFs May See Outflows After 12-Day Inflow Streak Amid Profit-Taking Near Highs

Key Points

1. Spot Bitcoin ETFs recorded a net outflow of $131.35 million, with ARK Invest’s ARKB and Grayscale’s GBTC leading the outflows.

2. Despite the outflows, cumulative net inflows for spot Bitcoin ETFs stand at $54.62 billion, representing 6.52% of Bitcoin’s total market.

3. Vincent Liu of Kronos Research described the outflows as a natural pause after a strong upward run, not a sign of distress.

4. Spot Ether ETFs saw $296.59 million in net inflows, pushing cumulative inflows to $7.78 billion, driven by interest in Ethereum’s ecosystem.

5. The contrasting inflow patterns between Bitcoin and Ether ETFs suggest a nuanced approach by investors to optimize returns while maintaining exposure to the crypto sector.