Bitcoin ETF outflows reach record nine-day streak as investors pull $2.8 billion

The longest run of withdrawals since U.S. spot bitcoin ETFs listed in January 2024 comes as bitcoin underperforms high-flying AI and semiconductor stocks. What to know : U.S. spot bitcoin ETFs have recorded nine consecutive trading days of net outflows. The longest withdrawal streak since the funds began trading in January 2024. The ETFs have shed approximately $1.3 billion this week, extending a run of three consecutive weeks of net outflows Previous periods of sustained ETF selling, particularly when viewed through Glassnode's 14-day moving average of flows, have often coincided with local bitcoin bottoms(Coindesk)