Markets· ★★★· bearish·

US spot bitcoin ETFs see $82.4M net outflow, BlackRock's IBIT leads with $71.8M

  • —IBIT: $71.78M daily outflow, $65.57B cumulative inflows
  • —FBTC: $10.61M daily outflow, $10.46B cumulative inflows
  • —Total ETF net assets $104.29B, equal to 6.35% of BTC market cap
Why it matters: Sustained ETF outflows add selling pressure on BTC, which is hovering near $81–82K.
#BTC
Source: PANews
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BlackRock sells $71.78 million in Bitcoin as IBIT redemptions mount