US Bitcoin ETFs bleed $1.72B in five-day outflow streak

The extended outflow streak comes as a widely used crypto sentiment indicator has stayed within the “Extreme Fear” range since Wednesday.

US-based spot Bitcoin exchange-traded funds (ETFs) have extended their outflow streak to five days as crypto market sentiment continues to wane.

Spot Bitcoin (BTC) ETFs posted $103.5 million in net outflows on Friday, continuing an outflow streak that began the previous Friday.

Over the five days, including the four-day trading week in the US shortened by Martin Luther King Jr. Day on Monday, total outflows reached approximately $1.72 billion, according to Farside data.

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