Spot Bitcoin ETFs in the US have recorded their largest daily outflow since January. According to SoSoValue, $635.2 million in capital exited the funds on Wednesday as the price of Bitcoin fell below the $80,000 level. This is reported by Cointelegraph.com reporting .
This figure exacerbated the $233.3 million outflow from the previous trading session. On a weekly basis, losses total $841.2 million. This situation could lead to the first negative result for ETFs after six consecutive weeks of growth.
Market volatility is attributed to investors selling to take profits from assets that had risen 37% since their April lows. BlackRock's iShares Bitcoin Trust (IBIT) suffered the largest loss at $285 million, while ARK 21Shares and Fidelity funds also saw significant outflows.
Meanwhile, the negative trend continued for Ether (ETH) ETFs, with $36.3 million in outflows on Wednesday. On the other hand, Solana (SOL)-related funds showed a positive result with a $6 million inflow, while the new Hyperliquid (HYPE) fund achieved a net inflow of $2.52 million in its first days of trading.
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