Bitcoin spot ETF has seen five consecutive days of net outflows. The net outflow of funds for Bitcoin spot ETF at the close of the US stock market on Friday was approximately $51.6 million, but the outflow scale has reduced significantly compared to previous days. According to Bloomberg analyst Eric Balchunas, the net outflow is primarily due to Genesis selling and converting spot BTC, which has had minimal impact on the trading market.
Bitcoin ETF sees continuous outflows for a week, Bloomberg analyst attributes it to Genesis liquidating spot positions.