US Bitcoin ETFs have seen a $1.2 billion outflow, marking the longest streak of withdrawals. This is a signal that investor sentiment towards Bitcoin might be cooling, potentially driven by broader market concerns or profit-taking strategies. The chart shows a consistent dip in daily net flows, which could suggest a short-term bearish outlook for Bitcoin-based ETFs. Investors should monitor how this impacts Bitcoin’s price, as continuous outflows may lead to increased volatility or further downward pressure on the market.
source: Bloomberg
