Institutional Interest Dropping With Bitcoin ETFs Significant Outflows 

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On Monday, the total outflows across all nine Bitcoin ETFs were $170 million in outflows with none of the ETFs recording any kind of inflows. The total outflows from spot Bitcoin ETFs have exceeded $1 billion in the last 10 days. Grayscale’s GBTC recorded the most outflows at $90.4 million. Fidelity’s FBTC followed with $35 million outflows on Monday. While other BTC ETFs have registered outflows, Blackrock’s IBIT has not recorded a single outflow since its inception, while there have been many instances of zero inflows recently.