Bitcoin Spot ETFs See $539M Net Outflow, Extending Five-Day Losing Streak

In Brief:

Bitcoin spot ETFs recorded $539M in net outflows on February 24.

This marks five consecutive days of outflows, signaling weakening investor sentiment.

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According to SoSoValue data, Bitcoin spot ETFs experienced $539 million in net outflows yesterday, with Grayscale’s GBTC leading the losses at $59.5 million. The Grayscale Bitcoin Mini Trust ETF also saw a $6.2 million outflow. Overall, the total net asset value of Bitcoin ETFs now stands at $109.18 billion, with a cumulative net inflow of $39 billion.

The prolonged outflows suggest a cooling demand for Bitcoin ETFs, potentially linked to broader market uncertainties and shifting investor sentiment.

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