Spot Bitcoin ETF Hype Dies Down, Normalcy Sets In
Summary
Spot bitcoin ETFs are experiencing net outflows, with Fidelity's Wise Origin Bitcoin Fund breaking its streak of daily additions. Most spot bitcoin ETFs are seeing zero inflows or occasional outflows. ETF analyst James Seyffart explains that minor mismatches in supply and demand are handled by market makers. However, there is potential for a resurgence in inflows as large financial institutions begin due diligence processes. Grayscale's Bitcoin Trust continues to see daily outflows, and Seyffart does not anticipate a reversal due to its expense ratio.
