Spot BTC ETF Win Streak Ends With $78m in Outflows

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Spot Bitcoin exchange-traded funds’ consecutive inflows in the United States finally came to an end with the launch of spot Ethereum ETFs.

According to data provided by Farside Investors, spot Bitcoin (BTC) ETFs in the U.S. recorded a net outflow of $78 million on Tuesday, July 23. This is the first outflow for the investment products since July 3.

Per a crypto.news report on July 23, spot BTC ETFs have seen consistent inflows over the past three weeks as the broader cryptocurrency market witnessed a rebound. 

Data from Farside Investors shows that most outflows came from Bitwise Bitcoin ETF (BITB), worth $70.3 million. The ARK 21Shares Bitcoin ETF (ARKB) and Grayscale Bitcoin Trust (GBTC) also recorded $52.3 million and $27.3 million in outflows yesterday.

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