Bitcoin ETFs see record $2.8 billion in outflows over 9-day streak
By
James Van Straten
2d ago· 2 min readenNews
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Summary
U.S. spot bitcoin ETFs have experienced nine consecutive trading days of net outflows, the longest withdrawal streak since their launch in January 2024. Investors have pulled approximately $2.8 billion from the funds over this period, with monthly withdrawals reaching roughly $2.3 billion. The outflows coincide with a sharp decline in bitcoin's price, as the cryptocurrency underperforms compared to AI and semiconductor stocks.
Key quotes
· 3 pulledU.S. spot bitcoin ETFs have now recorded nine consecutive trading days of net outflows, marking the longest withdrawal streak since the products listed in January 2024.
Over the nine-session run, investors pulled roughly $2.8 billion from the funds, surpassing any previous period of sustained selling pressure.
The outflows have coincided with a sharp decline in bitcoin
The longest run of withdrawals since U.S. spot bitcoin ETFs listed in January 2024 comes as bitcoin underperforms high-flying AI and semiconductor stocks.
