The recent developments in Bitcoin spot Exchange-Traded Funds (ETFs) have caught the attention of investors and experts alike. Samson Mow, a renowned advocate for the ascent of Bitcoin to $1 million, has weighed in on the significant outflows witnessed from these investment vehicles.

Record Net Outflow

Over the span of just three days, a staggering $742 million has left the 10 bitcoin spot ETFs, marking the highest outflow since their introduction in January. This abrupt reversal in sentiment contrasts sharply with the massive demand that had recently propelled bitcoin to its all-time high.

According to BitMEX Research, the ETFs experienced consecutive outflows of $154 million, $326…

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