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US Spot Bitcoin ETFs Record $462.7 Million in Weekly Outflows

US spot Bitcoin ETFs saw $462.7 million in net outflows during a holiday-shortened week, ending three consecutive weeks of strong demand. Withdrawals were recorded in all four trading sessions, including $46.7 million on Tuesday.

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US Spot Bitcoin ETFs Record $462.7 Million in Weekly Outflows
US spot Bitcoin exchange-traded funds recorded $462.7 million in net outflows during the holiday-shortened week, according to SoSoValue data cited by CryptoSlate. The withdrawals occurred across all four trading sessions, bringing a three-week period of strong investor demand to an end. The weekly decline was also the funds’ first since mid-August. On Tuesday, the first trading session after the holiday, investors withdrew $46.7 million from the products. The figures highlight a sharp change in flows for US spot Bitcoin ETFs, although the available data does not identify the individual funds responsible for the weekly total. Bitcoin remains the primary market asset linked to these products, while the outflow figure provides a gauge of recent institutional and investor demand through the ETF market.
Source CryptoSlate This is an original Moneyiar brief based on the cited source.
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