$BTC

💥Bitcoin's price has steadily fallen since U.S. spot Bitcoin ETF approvals on Jan. 11 Sou

Cointelegraph Markets Pro

🔥JPMorgan's note comes after the ten approved spot Bitcoin ETFs saw a net outflow of $158 million on Jan. 24, the largest net outflow day since launch, per BitMEX research data shared on social media platform X on Jan. 25.

🔥Here is the chart for day 9, with all data outDay 9 was pretty weak for Blackrock, with +$66mFidelity performed well: +$126m

pic.twitter.com/2VzTpZWOKx

— BitMEX Research (@BitMEXResearch)

January 25, 2024

🔥💥Grayscale's ETF saw $429 million in outflows on Jan. 24, while the most recent BitMEX data for Jan. 25 shows outflows dropped to $394 million - its second-lowest outflow day on record.