Spot bitcoin $BTC #ETFs extend negative streak, reporting $400 million in outflows

💪 Spot #bitcoin ETFs in the U.S. reported $398.9 million in net outflows.

💪 This extends their streak of negative flows to three days.

💀Outflows are likely due to:

1. Portfolio rebalancing

2. Profit-taking after an initial rally

3. Short-term caution amid market consolidation