#write2earn #BITCOIN #ETF OUTFLOWS SIGNAL MARKET SHIFT: INSIGHTS AND ANALYSIS #bitcoinETF #BTC_ANALYSIS

Over the last three days, a cluster of 10 spot-Bitcoin exchange-traded funds experienced their most significant outflow since they launched in January. This marks a shift from the previous rush for exposure that had propelled the token to its highest-ever value.

Between Monday and Wednesday, a total of $742 million exited these ETFs. This reflects withdrawals from the Grayscale Bitcoin Trust and a slowdown in subscriptions for similar offerings from companies like BlackRock Inc. and Fidelity Investments.

Despite this recent outflow, these funds have still attracted a total of $11.4 billion in net inflows since their inception, making it one of the most successful launches for this type of ETF.

On Wednesday, Bitcoin surged more than 5% in the US after signals from the Federal Reserve hinted at potential interest-rate cuts, lifting various asset classes. However, this upward momentum stalled in Asia on Thursday, even as global stocks and gold continued to rise, with the ETF outflow data making its mark on the markets.

Following the Fed's decision, cryptocurrency regained some steam, but according to Chris Weston, head of research for Pepperstone Group, more effort is needed to sustain this momentum. As of 7:33 a.m. in London, Bitcoin was trading at $67,300, approximately $6,500 below its all-time high reached on March 14 amid heightened enthusiasm about the ETFs and the impending reduction in the token's supply growth.