US spot Bitcoin exchange-traded funds recorded $201.8 million in net outflows on Friday, ending a nine-day run of daily inflows, according to Cointelegraph. The withdrawals came as Bitcoin’s price dipped below $78,000. ARK 21Shares led the outflows among the funds, while combined assets held by the ETF group fell back below the $100 billion mark. The move represents a shift in recent fund-flow momentum after nine consecutive sessions of net inflows. The figures cover US spot Bitcoin ETFs and do not indicate flows for other crypto assets or investment products. Bitcoin remained the key market asset linked to the reported ETF activity, with the price move and fund withdrawals occurring during the same trading session.
Source
Cointelegraph
Written by Moneyiar based on reporting from the cited source and Moneyiar market data.
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