Bitcoin ETFs See $405.9 Million Net Outflow as Institutional Demand Cools

Key Facts

1US spot Bitcoin ETFs recorded a net outflow of $405.9 million on Monday.

US spot Bitcoin ETFs recorded a net outflow of $405.9 million on Monday. The Currency Analytics reported that this significant reversal ended a previous streak of inflows as the underlying asset price declined from its recent peaks, prompting institutional investors to reduce exposure or lock in profits.

The outflows reflect a shift in investor sentiment following a period of sustained growth in the crypto market. This move occurred as Bitcoin's price retreat triggered a reduction in holdings across major ETF issuers, impacting the cumulative net inflows that had characterized the market in preceding trading sessions.