Bitcoin ETFs Bleed $430 Million as Tech Rout Tests Wall Street Buyers
Summary
U.S. spot Bitcoin ETFs recorded $430.2 million in net outflows Thursday, led by Fidelity’s FBTC ($199.9 million) and BlackRock’s IBIT ($105 million). The withdrawals brought the week’s total to $869.8 million. The outflows coincided with steep declines in technology stocks: the Nasdaq fell 5.5% and the S&P 500 about 4.4%. Bitcoin dropped toward $76,000 after trading above $80,000 the previous day. ETF flows reflect fund share creations and redemptions, but do not show why investors exited.
