Spot Bitcoin ETFs Experience Record Outflows, Leaving Investors in the Red
The recent $444.51 million outflow marks the seventh consecutive week of losses for IBIT investors, who are now facing an average decline of about 40%.
Editorial Staff
1 min read
Updated 4 days ago
In a troubling trend for investors in spot Bitcoin ETFs, a net outflow of $444.51 million was recorded on Friday, contributing to a significant downturn.
This outflow capped a seventh consecutive week of negative performance, marking the longest losing streak on record for this investment category.
As a result, average IBIT investors are now down approximately 40%, highlighting the challenges faced in the current cryptocurrency market.