Bitcoin (BTC) spot ETF records 5 consecutive days of withdrawals ahead of halving

“As we have noted for several weeks, key liquidity drivers such as stablecoin growth and inflows into US-listed Bitcoin ETFs have slowed. ETF flows peaked on March 12 and have recently seen four consecutive days of net outflows. “US-listed Bitcoin ETFs appear to be saturated as net inflows have not increased even with a 10-15% drop in Bitcoin prices,” Matrixport said in a market update early Friday.