Bitcoin spot ETF flow turn negative: $445M outflow for 7th day
SoSoValue tok say Bitcoin spot ETFs run $445 million na net outflow for June 26 (US Eastern time), and e extend redemption to 7th day wey still dey go. The biggest pressure for one day na from BlackRock’s IBIT, wey record $445 million net outflow.
Even say e turn back anyhow, IBIT historical cumulative net inflow still strong wella and positive—$60.766 billion. As at time wey report happen, total net assets across Bitcoin spot ETFs na $72.818 billion, and ETF net asset ratio be 6.08%. Cumulative historical net inflows reach $51.606 billion.
For traders, big question na: wetin these outflows go continue? If ETF selling continue, e fit slow BTC momentum for short time, despite say long-term ETF balance still dey positive.
Bearish
Latest update show say Bitcoin spot ETF outflows don deep pass, don hit 7 days streak, with $445M net outflow mainly put for BlackRock IBIT (IBIT). This bring new short-term selling pressure wey fit turn to weaker spot demand signals, and e fit weigh BTC price action.
But long term picture no break: IBIT historical cumulative inflow still positive, and total ETF net assets plus cumulative inflows still big. So the bad/bearish part mostly na for short-term momentum and sentiment, not like say fundamentals don change.
If outflows continue, traders fit expect more ETF-driven volatility and dem fit do hedging or sell-the-rally strategy. If flows stabilize or switch back to inflows, the negative pressure fit quickly fade—same way how spot ETF flow swings often affect BTC for short run.