The US Bitcoin ETF market has witnessed five consecutive days of outflows hinting that the investor sentiment has been waning recently. Yesterday, Bitcoin spot ETFs experienced a total net outflow of $4.38 million.
GBTC again led the outflows, while inflows into BlackRock's IBIT continued to slow, provision data from Farside show.
Recent reports unveil a tale of contrasting narratives within the U.S. Bitcoin ETF arena. While trading volumes have maintained a steady cadence, a notable trend of outflows hints at a subtle shift in investor sentiment.
Spot Bitcoin ETF outflow reached $4.3876 million on April 18, led by Grayscale's GBTC.
Amid the ongoing tumultuous period for the cryptocurrency market, the recent decline in Bitcoin prices has been closely linked to outflows from the U.S. Spot Bitcoin ETF. However, a fresh perspective has emerged, courtesy of Senior ETF analyst at Bloomberg, Eric Balchunas.
The Ark 21 Shares Bitcoin ETF (ARKB) has seen two straight days of outflows for the first time since the start of the month.
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