Bitcoin spot ETF, Turned to net outflow in 9 days... Total of 80.6 billion KRW withdrawn

US Bitcoin Spot ETF That Stopped Net Inflow (Source: @thepfund, X)

On April 30th (Local Time), approximately $56.3 Million (About 80.6 Billion Won) was net outflowed from the US Bitcoin (BTC) Spot ETF Market, concluding the net inflow streak of 8 Trading Days. According to the aggregated data from Investment Data Platform Fside Investor and TraderT, the fund flow that day showed mixed trends among ETFs.

BlackRock's IBIT newly received $267 Million, maintaining a strong buying trend, but $137.5 Million from Fidelity's FBTC and $130.8 Million from ArkInvest's ARKB were outflowed, turning the total flow negative. Additionally, $32 Million was outflowed from Grayscale's GBTC, and $23 Million from Bitwise's BITB.

The day's outflow trend is interpreted as a profit-taking move due to complex macro issues such as Bitcoin Price Adjustment, U.S. Q1 GDP Contraction Announcement, and Below-Core PCE Price Index. Observers suggest that Bitcoin's flow in the ETF market may enter a short-term correction phase.