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Bitcoin ETF Funds Experience Massive Outflows, Hit Record Lows
Bitcoin spot ETFs are experiencing rare and sustained net outflows. Taking the largest Bitcoin ETF as an example, last week saw a weekly net outflow of $244 million, marking the second consecutive week of fund withdrawals.
More notably, over the past 10 weeks, 8 weeks have experienced outflows, and throughout the entire cycle since launch, there have been a total of 20 weekly outflows. This frequent and continuous withdrawal of funds indicates a clear shift in investor sentiment, possibly reflecting concerns about short-term market trends.