Data shows Bitcoin spot exchange-traded funds (ETFs) have seen netflows flip red, implying a slowdown in demand among institutions.

Bitcoin Spot ETFs Have Switched To Net Outflows Recently

In a new post on X, on-chain analytics firm Glassnode has discussed about the latest trend in the netflow of the US Bitcoin spot ETFs . The spot ETFs refer to investment vehicles that allow investors to gain exposure to an underlying asset without having to own it.

In the context of cryptocurrencies, the spot ETFs allow for an off-chain route into them, which can be preferrable for traditional traders who aren’t familiar with digital asset exchanges and wallets.

These investment vehicles gained approval for Bitcoin from the US Securities and Exchange Commission (SEC) in January 2024. Six months l

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