Bitcoin Spot ETFs Experience Significant Weekly Outflows

According to Foresight News, data from SoSoValue indicates that during the trading week from October 13 to October 17, Bitcoin spot ETFs experienced a net outflow of $1.23 billion. None of the twelve ETFs recorded any net inflows. The Grayscale ETF (GBTC) saw the largest weekly net outflow, amounting to $298 million, bringing its historical total net outflow to $24.5 billion. Following closely, the Ark Invest and 21Shares ETF (ARKB) reported a weekly net outflow of $290 million, with its historical total net inflow reaching $20.6 billion. As of the time of reporting, the total net asset value of Bitcoin spot ETFs stands at $143.93 billion. The net asset ratio of ETFs, which compares their market value to the total market value of Bitcoin, is at 6.75%. The historical cumulative net inflow for these ETFs has reached $61.54 billion.