According to recent insights from COINOTAG, the cryptocurrency market is exhibiting notable trends as of February 20. Data compiled from Farside Investors and Trader T indicates a substantial net outflow of $64.1 million from the US Bitcoin spot ETF. This marks the second consecutive day of net withdrawals, highlighting a potential shift in investor sentiment. Furthermore, BlackRock’s IBIT reported no net inflows or outflows during this period, although its trading volume stood at a significant $1.6 billion. These developments serve as critical indicators for market analysts and investors, reflecting underlying dynamics in Bitcoin ETF activity within the current financial landscape.
Source: https://en.coinotag.com/breakingnews/us-bitcoin-spot-etf-sees-64-1-million-net-outflow-amidst-continued-market-volatility/