Investors in US spot bitcoin exchange-traded funds (ETFs) continued to withdraw their funds for the third day in a row, resulting in a significant outflow of over $145 million on Monday. This trend indicates a notable shift in investor sentiment, reflecting uncertainty in the broader market.

According to recent data, the combined outflow from US-based spot bitcoin ETFs reached $145.83 million, with a trading volume of approximately $1.24 billion. Only one fund, Bitwise's BITB, experienced inflows, while the remaining 10 funds saw outflows. Fidelity's FBTC led the losses, with $92 million withdrawn from the fund, followed by Ark Invest's ARKB, which lost $50 million.

The outflows have resulted in a significant decrease in assets under management (AUM) across all 11 funds, totaling $58.24 billion as of June 18. Since their launch on January 11, 2024, the cumulative net flows have reached $14.96 billion. The majority of funds, including BTCO, BRRR, EZBC, BTCW, and DEFI, experienced neutral activity on Monday, with no inflows or outflows reported.

The ongoing outflows from US spot bitcoin ETFs put pressure on fund managers to stabilize their AUMs. While most funds experienced significant withdrawals, Bitwise's BITB fund stood out with a modest inflow of $3 million. This contrasting performance offers a glimmer of hope amidst widespread declines.

In conclusion, the third consecutive day of outflows from US spot bitcoin ETFs signals a significant shift in investor sentiment. As funds continue to experience withdrawals, fund managers face the challenge of stabilizing their assets under management. While the majority of funds saw outflows, Bitwise's BITB fund offered a rare bright spot, highlighting the ongoing uncertainty in the market.