Spot Bitcoin ETFs Shed $1.62B in Four-Day Negative Streak - Decrypt

U.S. spot Bitcoin ETFs have experienced a four-day outflow streak, with investors withdrawing a net $1.62 billion. This trend is attributed to declining yields from the Bitcoin basis trade and macroeconomic uncertainties. The outflows, which began last Friday, have accelerated in recent days, with significant withdrawals on Tuesday and Wednesday. Market experts suggest that hedge funds are retreating from the basis trade due to its reduced profitability. The recent decline in Bitcoin's price and increased bearish sentiment among investors further exacerbate the situation. The future of these ETFs hinges on macro conditions and potential shifts in Federal Reserve policies.