US-listed spot Bitcoin exchange-traded funds (ETFs) recorded a significant net outflow of $114.8 million.
The substantial withdrawal pressure was primarily driven by two funds: Fidelity’s FBTC experienced a net outflow of $53.6 million, while the ARKB fund managed by ARK Invest saw $89.9 million withdrawn.
Significant outflows from these ETFs can impact Bitcoin market liquidity and potentially signal shifting investor confidence in the near term.
Despite the day’s withdrawal activity, Bitcoin spot ETFs continue to be a major instrument for institutional investors seeking exposure to Bitcoin, with market flow fluctuations considered a normal occurrence.
Market analysts indicate that the outflow should not automatically signal a prolonged negative trend. They emphasize the importance of considering this single-day movement within the wider context of prevailing macroeconomic conditions and trends in digital asset adoption.
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