Bitcoin ETFs Shed $410M Amid BTC's Ongoing Slump
Spot Bitcoin ETFs saw $410.4 million in outflows on Thursday, led by BlackRock’s IBIT, Fidelity’s FBTC, and Grayscale’s GBTC. Over the past two weeks, these ETFs have recorded six days of outflows, totaling nearly $1.5 billion, signaling waning institutional conviction amid volatile market conditions. Factors driving the volatility include lowered expectations for near-term Federal Reserve rate cuts and rising market fear, as seen in the Fear and Greed index. While institutions appear to be profiting and moving funds to regulated derivatives like the CME, retail traders face confusing, directionless trading activity. Analysts expect this volatility and choppy action to persist well into 2026, with major relief likely only after credit markets finish repricing risk. Meanwhile, Bitcoin remains range-bound between $62,000 and $71,000, and sentiment remains bearish, with a majority expecting a move downward toward $55,000.
