US spot Bitcoin ETF net outflow of $3.2 billion in the past eight days

Odaily Planet Daily News: With a wider range of cryptocurrency and stock market sell offs, US spot Bitcoin ETFs have seen a net outflow of $3.2 billion in the past eight days. The continuous net outflow of eight days is on par with the record of continuous net outflow in August 2024, making it the longest net outflow period since the establishment of the Bitcoin fund. With the latest net outflow, the cumulative total net inflow of 12 Bitcoin funds is now $36.85 billion, the lowest level since January 14th. The total net assets of these ETFs are $94.3 billion, accounting for approximately 5.7% of the market value of Bitcoin. Meanwhile, the spot Ethereum ETF also witnessed a net outflow of $71 million on Thursday, with a total net outflow of $315 million for six consecutive days. （The Block）