US spot Bitcoin ETFs see $484.9M daily outflow, largest since June 25
- —Total net outflows from US spot Bitcoin ETFs reached $484.9 million
- —IBIT lost $207.7M, FBTC $105.1M and ARKB $101.7M
- —GBTC, BITB and HODL also posted outflows
- —Bitcoin fell to about $83,000, its lowest close in 17 days
Why it matters: The largest outflow in over three months adds selling pressure on BTC and points to weakening institutional demand.
Source: Bloomingbit