Bitcoin ETF Record Biggest Weekly Outflows Of $328M, What’s Next?

The 10 Spot Bitcoin ETFs witnessed a gigantic net outflow of $328 million this week and speculations around a downtrend in the ETF frenzy have surfaced.

STORY HIGHLIGHTS

*Spot Bitcoin ETFs registered the highest weekly outflow of $328 million this week.

*On Thursday, these ETFs recorded over $200 million in outflows.

*The weak outflows came ahead of a crash in the BTC price.

Throughout the week ending on April 26, 2024, Bitcoin Spot ETFs in the U.S. experienced notable fluctuations in net flows. Moreover, these ETFs registered a massive weekly net outflow of $328 million as they lost steam. Furthermore, this surge in outflows preceded a crash in the Bitcoin price, potentially catalyzing the dip.