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Bitcoin ETFs Hit by $342M Outflow After 15-Day Inflow Streak Ends

  • Bitcoin ETFs experienced a $342 million outflow, ending a 15-day streak of inflows, signaling a shift in sentiment among institutional investors.
  • Fidelity's FBTC led the outflow with $172.7 million, followed by Grayscale's GBTC with $119.5 million outflows.
  • BlackRock's IBIT, a significant inflow driver previously, saw no activity on the day.
  • While Bitcoin ETFs saw outflows possibly due to profit-taking or cooling momentum, Ethereum ETFs recorded $40.7 million in net inflows, indicating increasing investor interest in Ethereum-based products.

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