U.S. spot BTC$BTC ETFs (Exchange-Traded Funds) recorded $13 million of outflows on July 2, 2024, ending a five-day streak of inflows.

Here's a breakdown:

- U.S. spot BTC ETFs: These are investment funds that track the price of Bitcoin (BTC) and allow investors to buy and sell BTC exposure on traditional stock exchanges.

- Outflows: This refers to the removal of funds from the ETF, meaning investors sold their shares, resulting in a net outflow of $13 million.

- Ending a five-day streak of inflows: Prior to this outflow, the ETF had seen five consecutive days of inflows, meaning investors were putting more money into the fund than they were taking out.

This development suggests a possible shift in investor sentiment, with some investors potentially becoming less optimistic about Bitcoin's short-term prospects. However, it's important to note that this is a relatively small outflow compared to the overall size of the ETF and the cryptocurrency market.