The U.S. spot #Bitcoin ETF market is experiencing a significant downturn, with its value dropping below $50 billion for the first time since May 1 .

This week alone, outflows from these ETFs reached nearly $170 million, signaling a bearish trend in the crypto market. With only three of the top 50 tokens by market cap showing gains, it's clear that market sentiment has shifted.

The total value of the 12 U.S.-based spot BTC ETFs now stands at $48.24 billion, reflecting investor caution or perhaps a shift towards other investment avenues.

This downturn comes after a period of high expectations and inflows, showing the volatile nature of crypto investments. If you're looking to invest in Bitcoin ETFs, some popular options include ProShares Bitcoin Strategy ETF (BITO), ProShares Short Bitcoin ETF (BITI), and Bitwise Crypto Industry Innovators ETF (BITQ).

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