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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/spot-bitcoin-etfs-show-continued-outflows/" data-wpel-link="internal">Spot Bitcoin ETFs Show Continued Outflows</a> 
In the US, spot <a href="https://coin-turk.com/craig-wrightin-davasi-devam-ediyor-yeni-tarih-verildi" data-wpel-link="internal">Bitcoin</a> exchange-traded funds (ETFs) saw net outflows for the third consecutive day, indicating investors are moving away from these investment products. According to SoSoValue’s data, there was an outflow of approximately $58 million from these ETFs on April 16, with a cumulative total net inflow of about $12.43 billion. 
<h2 style="text-align: justify" id="strong-current-status-of-spot-bitcoin-etfs-strong">Current Status of Spot Bitcoin ETFs</h2> 
Grayscale’s converted spot ETF <a href="https://en.coin-turk.com/bitcoin-technical-analysis-key-support-and-resistance-levels/" data-wpel-link="internal">Bitcoin</a> trust GBTC contributed significantly to these net outflows, with approximately $79.4 million exiting on the reported day. The Ark 21Shares Bitcoin ETF also experienced net outflows, with about $12.88 million leaving the fund. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-341072" src="https://coin-turk.com/wp-content/uploads/2024/04/Spot-Bitcoin-ETF.png" alt="" width="1080" height="806"> 
Amid these net outflows, most other spot Bitcoin ETFs saw small net inflows ranging from $1.37 to $3.56 million. Notably, the iShares Bitcoin Trust stood out with a total net inflow of $25.78 million, indicating a differentiation in investor sentiment across various ETF products. Despite these fluctuations, the overall volume of spot Bitcoin ETFs has stabilized in April after experiencing a gradual decline from the peaks in early March. According to the data, the cumulative volume exceeded $215 billion as of April 15. 
Furthermore, both inflow and outflow volumes have narrowed, and activity in the spot Bitcoin ETF market has decreased since March. This trend suggests a convergence in investor sentiment and a potential decrease in speculative trading activities in this segment of the crypto market. 
<h2 style="text-align: justify" id="strong-bitcoin-continues-to-show-resilience-strong">Bitcoin Continues to Show Resilience</h2> 
Despite all this, Bitcoin’s price continues to show resistance. According to current data, the largest cryptocurrency has risen by 1.45% in the last 24 hours to around $64,000, trading at $63,983. 
While investors closely monitor the flows into spot Bitcoin ETFs, attention is turning to the anticipated fourth block reward halving, expected to occur on April 19 or 20. The block reward halving is expected to change market dynamics and influence investor behavior. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/spot-bitcoin-etfs-show-continued-outflows/" data-wpel-link="internal">Spot Bitcoin ETFs Show Continued Outflows</a></h5>

Spot Bitcoin ETFs Show Continued Outflows

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