Bitcoin ETF snapshot: A few firsts during another week of outflows

Demand for the US spot bitcoin ETFs remains at a standstill following an initial surge of significant investment inflows.

The country’s ETF category, which comprises 11 funds, saw net outflows hit $328 million last week, according to Farside Investors data. 

It marked the third straight week of net outflows for the segment, as Grayscale’s bitcoin ETF continues to be the driver of that fate. Net money flowing out of the Grayscale Bitcoin Trust ETF (GBTC) totaled $454 million from April 22 to April 26, the data shows. 

The difference in recent weeks has been the fastest-growing funds in the space seeing demand stop altogether, or going negative, on certain days. 

The 71-day net…

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