Bitcoin ETF broke streak with outflows of USD 164M amidst BTC decline

The spot Bitcoin exchange-traded funds (ETFs) in the United States ended their streak of inflows amid a drop in BTC price, after recording USD 1.200 million in inflows over seven consecutive days.

The spot Bitcoin ETFs

BTCUSD

recorded USD 163.5 million in outflows on Wednesday, according to data from Farside.

The Fidelity Wise Origin Bitcoin Fund (FBTC) led the outflows with approximately USD 104 million, followed by the BlackRock iShares Bitcoin Trust ETF (IBIT) with USD 34 million.