Glassnode: US spot BTC ETF outflows signal sluggish institutional demand

The seven-day simple moving average for U.S. spot Bitcoin ETF flows turned negative early last week, with daily net outflows ranging from 200 to 500 BTC, according to an analysis by Glassnode. The firm noted that while the outflow volume is small, the consistent trend is a quiet sign that institutional investor demand remains sluggish at current Bitcoin price levels.