U.S. spot Bitcoin (CRYPTO:BTC) exchange-traded funds (ETFs) encountered their seventh consecutive day of net outflows, totaling $174.45 million on Monday alone.
Grayscale’s Bitcoin Trust (GBTC) led the losses with approximately $90 million withdrawn, followed by Fidelity’s FBTC and Franklin Templeton’s EZBC with $35 million and $21 million, respectively.
Despite these withdrawals, the 11 ETFs collectively hold $51.53 billion in BTC reserves, highlighting ongoing investor confidence in Bitcoin’s long-term potential amid current market volatility.
The persistent outflows reflect cautious investor sentiment, influencing the ETF landscape amid fluctuating market dynamics.