According to crypto fund tracker X (@thepfund), a total of $569 million (828.7 billion won) of Bitcoin spot ETF funds in the U.S. faced outflows on January 8th (local time). This marks a significant shift from the net inflows observed in the previous four trading days. BlackRock's iShares Blockchain and Tech ETF (IBIT) saw outflows of $124 million, while Fidelity's ProShares Bitcoin Strategy ETF (BITO) and Bitwise's Bitwise Bitcoin Fund (BITB) experienced outflows of $258 million and $11.3 million, respectively. Analysts are attributing these outflows to a combination of factors, including profit-taking by early investors, concerns over regulatory uncertainty, and the broader market correction affecting both traditional and digital assets. It's crucial to note that the Bitcoin spot ETF market is still in its early stages of development, and it could experience volatility as it matures.

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