Bitcoin ETF Funds Revert to Net Outflow, Glassnode Data Shows

Bitcoin (BTC) spot ETF fund flows have reverted to net outflows, according to Glassnode data. The firm's U.S. spot Bitcoin ETF net inflow indicator showed a figure of -2,909.58 BTC as of the previous 24-hour period. Glassnode explained that the metric is calculated based on changes in holdings of major Bitcoin and Ethereum ETFs traded in the U.S., using data publicly disclosed by ETF issuers. Earlier, Glassnode noted in its July report that while ETF net outflows had eased, monthly trends continued to show net outflows, indicating institutional demand remained unstable.