Markets· ★★★· bearish·

US spot bitcoin ETFs swing back to outflows with $450.4 million withdrawn in a day

  • —Total daily outflow from US spot BTC ETFs reached $450.4 million
  • —Fidelity FBTC lost $214.8 million, BlackRock IBIT $161.7 million
  • —Bitwise BITB, ARK ARKB and Grayscale GBTC saw outflows of $12.4 million, $17.4 million and $44.1 million
  • —The outflow reversed the prior day's inflow, which lasted only one session
Why it matters: The return to outflows signals weak institutional demand and weighs on bitcoin's price.
#BTC
Source: Bloomingbit
More on this
Markets · 00:33
IREN Shares Rise 3% Premarket on Bitcoin Rally and Bullish Analyst Calls
 Markets · 00:31
Bitcoin tops $86,000 for first time since January as market cap hits $2.91T
 Regulation · 00:29
IMF favors USDT in Bolivia but rejects bitcoin in El Salvador