Over $540M in net outflows from BTC spot ETFs last week, with Hong Kong also experiencing net outflows

"Bitcoin spot ETFs saw net outflows of more than $540 million last week," crypto custodian BitGo reported on X. "The spot ETFs saw net outflows of more than $540 million last week. "BTC spot ETFs reverted to a net outflow trend in the last 10 days, with cumulative outflows since that point totaling more than $1.1 billion," he added. "BTC spot ETFs saw 7,690 BTC in outflows last week," said crypto analyst HODL15Capital (@HODL15Capital).

Meanwhile, Crypto analyst HODL15Capital (@HODL15Capital) reported via X that "BTC holdings in three Hong Kong Bitcoin spot ETFs fell below 4,000 BTC last week. The current holdings stand at 3,842 BTC." Last week's net outflows amounted to 222 BTC. It was previously reported that 11 U.S. BTC spot ETFs also experienced net outflows worth $5.4 billion last week.