ETFs Experience Fifth Consecutive Day of Outflows

As the bitcoin halving approaches, the U.S. spot ETF market sees a significant drop in inflows, with major funds like GBTC and IBIT reporting decreased investment.

• Bitcoin spot ETFs have recorded a five-day net outflow totaling $319 million, with Grayscale's GBTC leading the withdrawals.
• BlackRock's IBIT and Fidelity's FBTC saw inflows, but overall market demand has slowed significantly.
• The upcoming bitcoin halving, which will reduce block rewards by 50%, is expected to impact market dynamics.
• Geopolitical tensions and a dip in bitcoin prices below $60,000 have contributed to the market's volatility.
• Despite recent outflows, the U.S. spot bitcoin ETF market has attracted significant investment since January, totaling $12.3 billion in net inflows.

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