Bitcoin ETFs have seen outflows of $1.3 Bitcoin in the last two weeks of trading, but analysts expect markets to rally higher in the coming months.
Outflows from United States spot Bitcoin exchange-traded funds (ETFs) reached $1.3 billion over the last two weeks as the price of Bitcoin continues to decline.
According to data from Farside Investors, the total outflow for Bitcoin ETFs notched $1.298 billion over the last two trading weeks with Grayscale leading outflows at $517.3 million in the same period.
Notably, BlackRock’s Bitcoin ETF has been the only fund to post positive results, raking in $43.1 million worth of inflows over the last two weeks.
