The outflows of spot Bitcoin ETFs have increased in the last two consecutive sessions. On Friday, total outflows from Bitcoin ETFs amounted to 616 million dollars, of which BlackRock's IBIT contributed 430 million. Additionally, Ark Invest's ARKB recorded over 120 million dollars in outflows.
However, these recent outflows came after a month of massive inflows, exceeding 44 billion dollars. This was also accompanied by the surge in Bitcoin's price to 111,000 dollars. However, the recent pullback shows a shift in investor confidence.
