Bitcoin ETFs See First Outflows After Nine Day Streak

Spot Bitcoin ETFs in the United States recorded net outflows of $201.8 million this past Friday. This movement ends a nine day streak of consecutive inflows into the funds. The ARK 21Shares product led the selling activity during this session.

Following these outflows, the total assets held by these Bitcoin funds slipped back under the $100 billion mark. This shift in momentum comes as the broader market experiences a slight price correction, pushing the price of Bitcoin below the $78,000 level.

Traders are watching to see if this is just a temporary cooling period or the start of a longer trend in institutional sentiment. While the recent sell pressure is notable, the funds have seen significant accumulation over the past two weeks. Future price action will likely depend on whether buyers return to support the current levels.