U.S. Bitcoin ETFs post $1.16 billion in outflows over three sessions
BROBROK News · Based on reporting by DiarioBitcoin ·
Spot Bitcoin ETFs in the U.S. recorded net outflows of $1.16 billion across three trading sessions, but Bitwise said the move looks like a short-term risk-off reaction. André Dragosch argued the data does not show a lasting institutional pullback.
Key points
- Net outflows reached $1.16 billion since Friday.
- The latest daily withdrawal eased to $116 million, down from prior sessions.
- Bitwise said weaker market sentiment likely drove the flows.
- Dragosch cited a survey of 15 institutions in which none reduced ETF exposure during the bear market.
- The Binance hack revived custody concerns, though the report distinguished affected hot wallets from institutional cold storage.
Why it matters
Bitcoin ETF flows are a visible gauge of institutional and retail demand for BTC. If this is only a temporary risk-off phase, the recent withdrawals may not signal a broader shift in long-term positioning.
Original headline: “ETF de Bitcoin registran salidas por USD $1.160 millones, pero Bitwise ve una reacción temporal”
Read the original on DiarioBitcoin
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.