[Evening News Briefing] US Bitcoin Spot ETFs See Over $2.8 Billion Outflow with 9 Consecutive Days of Net Outflows, etc.

US Bitcoin spot ETFs have recorded net outflows for 9 consecutive trading days, totaling approximately $2.84 billion, according to PANews citing CoinTelegraph. This marks the longest outflow streak since the product's launch in 2024, surpassing the previous record. BlackRock's iShares Bitcoin Trust (IBIT) was identified as a major contributor to the outflows. Analysis suggests this capital flight reflects a slowdown in institutional investor demand for Bitcoin ETFs. Meanwhile, some XRP spot ETFs and HYPE-related products saw inflows, indicating a redistribution of funds within the crypto ETF market. Ethereum spot ETFs also recorded 13 consecutive days of net outflows, with cumulative outflows reaching approximately $694 million.

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