Largest Outflow from Bitcoin Spot ETF A significant outflow has hit the American Bitcoin spot exchange-traded fund (ETF) market, marking an end to a 15-day inflow streak. As reported by T (@thepfund), an on-chain trader, a net 671.8 million USD (approximately 973.9 billion KRW) was withdrawn from the ETF on January 19 (local time). This marks the largest outflow ever recorded for the ETF. Outflows from Major Players Several major players in the Bitcoin spot ETF market experienced significant outflows. Fidelity FBTC recorded a net outflow of 208 million USD, Grayscale BTC had an outflow of 188 million USD, Ark Invest ARKB saw an outflow of 108 million USD, and Grayscale GBTC outflow was 87.86 million USD. Notably, BlackRock IBIT did not experience any significant net change. Implications for the Market The massive outflow from the Bitcoin spot ETF is a significant event that could potentially impact the market. It indicates a shift in sentiment among investors, who may be becoming more cautious about the cryptocurrency's prospects in the short to medium term. However, it is important to note that this outflow does not necessarily signal a long-term bearish trend for Bitcoin. The market remains volatile, and it is possible that sentiment could change quickly, leading to another influx of investment into the ETF.

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