US spot Bitcoin ETFs post $425M outflow after brief rebound
CoinTelegraph·
60-second summary
US spot Bitcoin ETFs are experiencing significant outflows, with a record $424.66 million leaving the funds in July, reversing a brief return to positive weekly flows. This massive exodus underscores investor caution in the current market. Market sentiment remains bearish, as investors weigh the risks of holding Bitcoin amidst economic uncertainty, potentially impacting cryptocurrency prices.
US spot Bitcoin ETFs saw their largest single-day outflows in July, with $424.66 million leaving the funds, reversing a brief return to positive weekly flows.