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Spot Bitcoin ETFs Bleed $713 Million In The Past Week — What’s Happening?

  • US-based spot Bitcoin ETFs have witnessed significant withdrawals over the past week due to the escalating trade tensions between the United States and China.
  • The spot Bitcoin ETFs experienced a significant $713 million in total net outflow over the past week, indicating a declining appetite for crypto-based financial products among US investors.
  • The negative streak of seven consecutive days of outflows brings the total net outflow for US Bitcoin ETFs to $713 million.
  • The uncertain market conditions, influenced by the US-China trade war, have also impacted the spot Ether ETFs with four consecutive days of net outflows.

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