Bitcoin Spot ETF Net Outflows Reach $166 Million
CryptoNewsTerminal Staff09 Aug, 2024
Bitcoin Spot ETF Net Outflows Reach $166 Million
Traders have witnessed a significant net outflow for Bitcoin spot ETFs during the past week, according to data from TraderT via X. The total net outflow has reached $166 million. Despite the net outflow, the weekly trading volume remains elevated, reaching $12.5 billion, indicating that interest in Bitcoin remains strong. The trading volume is still within the range of bull market levels, suggesting that the market is in an upward trajectory.
