Americans Have Been Paying Less for Bitcoin Than the Rest of the World for 50 Straight Days

Bitcoin is trading at a rare U.S. discount: Coinbase’s Bitcoin Premium Index has stayed negative for 50 straight days, the longest streak on record. The latest reading of about -0.0742% suggests softer American demand relative to global trading on Binance. The article links this weakness to roughly eight weeks of spot Bitcoin ETF outflows and about $6 billion in year-to-date net withdrawals from U.S. spot Bitcoin ETFs. BlackRock’s IBIT, which has been a key institutional demand barometer, has not yet shown a sustained inflow trend. While BTC has still managed a modest summer recovery and even a six-day winning streak, the persistent negative premium and ETF flow data point to cautious U.S. participation and a fragile near-term backdrop for Bitcoin.