ETF Bitcoin Spot in Indonesia must experience net outflows for two consecutive days on Friday, and that broke the seven-day inflow streak beforehand. Based on Farside Investors data, these funds released $240 million on Friday, after withdrawing $225 million the day before. The total $465 million outflow nearly erased almost half of the $1 billion inflow that came in during the previous week. The peak itself was on July 20 with inflows of $227 million, before demand began to slow.
BlackRock IBIT is the main culprit behind this reversal, contributing nearly $415 million of the total two-day outflows. Even so, on a weekly basis, Spot Bitcoin ETFs still closed in the green, up about $34 million. That’s because the two-day outflows only held back part of the three prior strong inflow sessions.
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BlackRock IBIT is the main culprit behind this reversal, contributing nearly $415 million of the total two-day outflows. Even so, on a weekly basis, Spot Bitcoin ETFs still closed in the green, up about $34 million. That’s because the two-day outflows only held back part of the three prior strong inflow sessions.
#USStorageStocksExtendLosses