Bitcoin ETFs Witness Third Highest Outflow Since Launch, the Other Two Times Foreshadowed Price Bottoms
Summary
U.S.-listed bitcoin ETFs experienced their third-largest outflow since launch, with $400.7 million withdrawn. Bitcoin's price ranged from $86,600 to $92,000, correcting nearly 6% from its all-time high of $93,000 on Nov. 13. Investors have cashed in $15 billion over three days. BlackRock's IBIT saw $126.5 million in inflows, while Fidelity's FBTC, Bitwise BITB, Ark's ARKB, and Grayscale products experienced significant outflows. Previous large outflows occurred on Nov. 4 and May 1, coinciding with price bottoms. Ether ETFs saw a $3.2 million outflow, the first in nearly two weeks.
