Bitcoin ETFs See $1.3 Billion Weekly Outflows, Largest Since June
Summary
U.S. spot Bitcoin ETFs saw $1.28 billion in net outflows last week, their largest weekly withdrawals since late June, bringing year-to-date outflows to about $919 million. BlackRock’s IBIT accounted for roughly $1.21 billion of the weekly total and had six consecutive sessions of outflows, while Fidelity’s FBTC recorded about $93 million in net inflows. Bitcoin fell below $76,000 amid macroeconomic uncertainty, technology-stock weakness and crypto-specific concerns, trading near $74,049 at publication. Analysts cited extreme investor fear and identified $74,400–$75,000 as a key support range, with U.S. inflation data and Federal Reserve signals as potential catalysts.
