The total net outflow from Bitcoin spot exchange-traded funds (ETFs) listed in the United States reached $415 million on the previous day. This marks a significant reversal from the inflows seen in the previous weeks. The largest outflow was from the ProShares Bitcoin Strategy ETF (BITO), which saw $226 million in redemptions. Other ETFs that experienced outflows include the Valkyrie Bitcoin Strategy ETF (BTF) and the VanEck Bitcoin Strategy ETF (XBTF). The outflows from Bitcoin spot ETFs come amid a broader market downturn in cryptocurrencies. Bitcoin has fallen by more than 50% from its all-time high, and other cryptocurrencies have also seen significant losses.
US BTC spot ETFs see outflows of $415 million on previous day
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