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For the week ending June 26, U.S. spot Bitcoin ETFs saw net outflows of $1.79 billion, marking the second-largest single-week net outflow record in history and extending a seven-week streak of capital outflows.
The continuous outflows reflect that institutional short-term risk appetite remains weak, but ETF funds have always been lagging indicators. Compared to weekly data, what is more noteworthy is when funds will start flowing back in, which will be more indicative than short-term price fluctuations.
#BTC #ETF