Bitcoin exchange-traded funds (ETFs) in the US crypto ecosystem have seen $3.2 billion in outflows

Bitcoin exchange-traded funds (ETFs) in the US crypto ecosystem have seen $3.2 billion in outflows over the past eight days.

Bitcoin exchange-traded funds (ETFs) in the US crypto ecosystem saw an eighth straight day of outflows on Thursday, with $275.8 million pulled out of these products.

This marks one of the longest losing streaks since these funds were launched, and it comes after a similar trend in August 2024.

The post Bitcoin ETFs in the US Post Record Outflows with Heavy Demand for IBIT appeared first on Benzinga.

Bitcoin ETFs had only four days of positive inflows this month and they are now set for a fourth-straight weekly outflow.

So far, the total outflows for this month are around $3.65 billion.

According to Farside Investors, the outflows slowed slightly on Thursday.

This compares with record outflows of $1.14 billion on Tuesday, which was the worst day for regular American traders and institutional investors.

The outflows come amid concerns about the stability of crypto ETFs in the short term.

It is also worth noting that corporate investors, who usually have long-term positions, adjusted their strategy in response to market conditions.

Meanwhile, inflows slowed slightly on Thursday, with $275.8 million pulled out of the 12 Bitcoin ETFs.

This compares with outflows of $1.14 billion on Tuesday, which was the worst day for regular American traders and institutional investors.

The outflows come amid concerns about the stability of crypto ETFs in the short term.

The U.S. digital asset market is going through a tough time, with Bitcoin dropping by over 7% in the last 24 hours, slipping below $80,000.

The second-largest altcoin, Ethereum, fell by 9.9%, now trading around $2,100. The GMCI 30 Index, which tracks the top 30 cryptocurrencies, decreased by 8.3%.

Present bearish sentiment around crypto ETFs comes with concerns regarding the U.S.

Initially, Donald Trump’s pro-crypto stance boosted investor confidence.

However, his recent tariff policies have made investors uneasy.

Despite this, the market is still showing some positivity.

Earlier this week, Coinspeaker reported that Bitcoin ETF products in the US reached a $750 billion volume milestone.

This positivity in the market comes amid a broader trend of increasing interest in cryptocurrencies.

As the technology continues to develop and new use cases emerge, we can expect to see further innovation and growth in the digital asset industry.

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