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Bitcoin ETFs experience third consecutive day of outflows with 251 million USD loss

Bitcoin ETFs recorded outflows of 251 million USD over three days, especially from Fidelity’s FBTC and ARKB, with withdrawals of 101.97 million USD and 97.03 million USD respectively. Only one day saw inflows in the past five days, highlighting cautious investor sentiment.

In the ether market, ETFs experienced a net outflow of 40.95 million USD, driven primarily by Grayscale’s ETHE with a withdrawal of 30.23 million USD. As of recently, BTC traded around 96,000 USD, reflecting a 2% decrease, while ETH stood at approximately 2,600 USD, marking a 1.5% decline.

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