Spot Bitcoin ETFs Broke 10-Day Inflow Streak With $358M of Outflows Thursday: JPMorgan

U.S.-listed spot bitcoin ETFs experienced their first day of net outflows in ten trading sessions, with $358 million redeemed, according to a JPMorgan report. While BlackRock’s iShares Bitcoin Trust attracted $125 million in net inflows, other major ETFs, like Fidelity’s FBTC and Grayscale’s GBTC, experienced significant outflows. Bitcoin's price dipped by 1.1%, although trading volumes surged to $5.39 billion, well above the average. This shift in ETF activity signals changing investor sentiment and market dynamics. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: CoinDesk