US spot Bitcoin ETF experiences record 30 day net outflow of funds, causing Bitcoin prices to fall
According to Galaxy Research data, the US listed spot Bitcoin ETF recorded a net outflow of $6.35 billion in the past 30 trading days, marking the largest 30 day capital outflow since its launch in January 2024. The Bitcoin ETF has experienced net outflows for six consecutive weeks, with cumulative net inflows falling to $53.4 billion. The price of Bitcoin has fallen by about 17% in the past month, reaching $64167. The relevant person in charge of BlackRock stated that the flow of ETF funds is influenced by various factors, and a single day or short-term outflow does not necessarily represent a long-term trend change.