⚠️🟠#btc

📉 Bitcoin ETF experienced outflows:

This week, Bitcoin spot ETFs recorded significant fund outflows:

• BlackRock iShares Bitcoin Trust (IBIT): -$68.7 million

• ARK 21Shares Bitcoin ETF (ARKB): -$65.7 million

• Bitwise Bitcoin ETF (BITB): +$12.7 million  

Total outflow amounted to -$136.6 million.()

🔎 Situation analysis:

• IBIT and ARKB led the outflows, indicating a cooling of demand among institutional investors.

• BITB recorded a slight inflow, but it was not enough to offset the total outflow.()

📊 Market amidst outflows:

These outflows may indicate a decrease in investor confidence in Bitcoin in the short term. However, a rapid return of inflows could change market sentiment and support a price rebound.()

👀 Recommendation:

Monitor further changes in outflow and inflow volumes in Bitcoin spot ETFs, as they may serve as an important indicator of investor sentiment and market direction.()

#crypto #bitcoin #ETF #market