BTC Spot ETF Sees Net Outflow After 16 Days: Market Reaction

The US Bitcoin spot ETFs experienced a significant shift on July 1st (local time), turning to a net outflow of $342.25 million (466.6 billion KRW). This ends a streak of 16 consecutive trading days of net inflows, signaling a potential change in investor sentiment. Several major ETFs contributed to the outflow. Fidelity's FBTC led with a net outflow of $172.73 million, followed by Grayscale's GBTC at $119.51 million. Ark Invest's ARKB saw $27.03 million leave, and Bitwise's BITB experienced a $22.98 million outflow. Notably, no Bitcoin spot ETF recorded a net inflow on this particular day. The reasons behind this sudden shift are varied and potentially include profit-taking after the extended inflow period, concerns about regulatory uncertainty, or broader macroeconomic factors impacting risk appetite. Market analysts are closely watching to see if this is a temporary blip or the start of a more sustained trend of outflows from Bitcoin spot ETFs. This outflow could influence the short-term price action of Bitcoin. ```