Stock ETF buyers pounce on dip as Bitcoin funds bleed $1.6 billion
Summary
US spot Bitcoin ETFs saw $95 million in net outflows Tuesday, bringing withdrawals since November to about $1.6 billion. Outflows have eased for three consecutive sessions, but equity funds captured all of the 17 largest US-listed ETF inflows over five sessions. BlackRock’s IBIT recorded its eighth straight session of outflows, totaling about $1.73 billion, while Morgan Stanley’s Bitcoin ETF received $20 million. CryptoQuant reported weak market indicators: its Bull Score Index fell to 20, and apparent Bitcoin demand contracted by 284,000 BTC over 30 days. It cited $73,200 as a key support level while warning of possible further correction. Bitcoin was trading at $73,998, down 5.2% over the week.
