Over the last trading week (November 18-22), US spot Bitcoin - funds recorded a combined inflow of $2,42 billion, the fourth-largest weekly inflow since launch ETF in January 2024 of the year.
US Spot BTC Data- ETF
During the same week, Chinese exchange-traded funds recorded their largest outflow in a week, more than $2 billion.
Just this week from Chinese ETF $2 billion was withdrawn, the largest weekly outflow in history. Despite stimulus measures similar to those used during the pandemic, recent data suggests that China's economy is deteriorating, local media reported.
Chinese ETF record the outflow of funds
The record outflow of funds comes despite the Chinese government's economic stimulus measures.
Despite hundreds of billions of dollars in stimulus programs, Chinese consumer sentiment is dire. Over the past three years, consumer confidence in China has fallen by about 3 points. Such a drop in consumer sentiment towards the Chinese economy has almost never been seen, local media reports say.
China's Largest ETF iShares China Large-Cap ETF (FXI) saw a record outflow of $984 million over the past week, marking its fifth consecutive negative week.
