Bitcoin ETFs Shed $817M as BTC Hits Nine-Month Low
U.S. spot Bitcoin ETFs faced $817 million in net outflows on Thursday, coinciding with Bitcoin’s price dropping to a nine-month low of $81,315. BlackRock’s IBIT led with $317.81 million in redemptions, followed by Fidelity’s FBTC and Grayscale’s GBTC. The selloff was triggered by negative market catalysts, including speculation over a new Federal Reserve Chair—potentially Kevin Warsh—disappointing corporate earnings (notably Microsoft’s Q4 2025 results), and increased correlation between Bitcoin and U.S. equities. The ongoing repricing of interest rate expectations and market rotation toward safer assets, such as gold, have reduced ETF volumes and intensified outflows. Uncertainty from macro factors like potential government shutdowns and international tensions further pressured the market. Probability forecasts for Bitcoin reaching $100,000 dropped significantly, while ETF, options, and miner capitulations have continued. As of the latest data, Bitcoin trades at $82,687, down almost 6% in 24 hours, as markets await the official Fed Chair announcement.
