Data: Investors have withdrawn a total of $738 million from Bitcoin investment tools on platforms in Germany, Canada, and others this year

ChainCatcher news, according to CoinShares data, influenced by the lower management fees of the U.S. Bitcoin spot ETF, investors have withdrawn a total of $738 million from Bitcoin instruments on trading platforms in Germany, Canada, and Sweden this year.

CoinShares Research Director James Butterfill stated that part of the outflow may be a "repatriation" of funds from U.S. investors, but it could also be due to long-term investors taking profits during the Bitcoin rise. Unlike the U.S., all these markets have launched ETPs over the years, so there may be factors of profit-taking at the current high levels. However, the outflow of funds has slowed down recently.