Bitcoin ETFs shed $1.3B in biggest weekly outflow since late June
Summary
US spot Bitcoin ETFs saw $1.28 billion in net outflows last week, the largest weekly withdrawal since late June, bringing year-to-date outflows to about $919 million. BlackRock’s IBIT accounted for $1.21 billion of the weekly total and recorded six consecutive days of outflows; Fidelity’s FBTC received about $93 million in net inflows. Bitcoin fell below $76,000 amid market uncertainty, technology-stock weakness and changing interest-rate expectations. Bitfire Research warned of further downside if Bitcoin remained below the $74,400–$75,000 support range. At publication, Bitcoin traded at $74,049, down 5% over seven days.
