Bitcoin ETF Witnesses One Consecutive Week of Net Outflows, Bloomberg Analyst Attributes it to Genesis Liquidating Spot Sales.
The net outflow of Bitcoin spot ETF has been continuous for five days. The net outflow of funds for Bitcoin spot ETF in the US stock market on Friday’s closing was approximately $51.6 million, but compared to the previous days, the outflow has reduced significantly. Bloomberg analyst Eric Balchunas stated that the net outflow came from Genesis selling and exchanging spot BTC, which has a minimal impact on the trading market.
