ETF Outflows and Options Market PositioningU.S. spot Bitcoin exchange-traded funds recorded a combined net outflow of $61.5 million. Implied volatility near multi-year lows means the options market isn’t pricing in a dramatic resolution either way — at least not yet. And U.S. spot Bitcoin ETFs just logged their first net outflow after three positive weeks, sitting at a combined $61.5 million in exits. How large were the recent U.S. spot Bitcoin ETF outflows? U.S. spot Bitcoin ETFs recorded a combined net outflow of $61.5 million, ending three consecutive weeks of positive inflows.