Spot Bitcoin exchange-traded funds recorded net outflows of $424.7 million, reversing recent inflows and pushing the July 6-13 balance $227.3 million into negative territory. The withdrawals were led by Fidelity's FBTC and BlackRock's IBIT, two of the largest Bitcoin ETF products by assets. The reversal suggests that the sector's attempt at recovery failed to hold, as investor demand faltered following a brief period of positive momentum. ETF flows are closely watched as an indicator of institutional and retail sentiment toward Bitcoin, with sustained outflows often signaling caution. The latest figures highlight the volatility in demand for these investment vehicles, which launched in early 2024 and have since become a significant channel for exposure to the cryptocurrency. Whether the outflows mark a short-term correction or a broader shift in appetite remains to be seen.
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