finance
U.S. Spot Bitcoin ETFs See $84 Million Outflow After Three-Day $509 Million Inflow Streak
U.S. spot bitcoin ETFs posted a net outflow of $84 million on Wednesday, ending a three-day inflow streak of roughly $509 million. The move coincided with the U.S. 10-year Treasury yield reaching a seven-week high of 4.60%.
Jul 9, 2:51 AM·1m read1 source
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U.S. spot bitcoin ETFs recorded a net outflow of $84 million on Wednesday, coindesk.com reported. The outflow ended a three-day inflow streak that totaled roughly $509 million. The U.S. 10-year Treasury yield reached a seven-week high of 4.60% on Wednesday.
The benchmark yield has risen by more than 10 basis points during July. Bitcoin's 25-delta skew stood at 18% as of the most recent data, according to Glassnode. The skew has remained at historically elevated levels for several months.
The reading is well below the peak above 40% observed around the time of the FTX collapse in 2022.
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