Bitcoin ETFs see record $6B outflow in 30 days amid market drop
US spot Bitcoin ETFs experienced a record $6 billion outflow over the past 30 days, driven by a 17% drop in Bitcoin's price and a 13-day consecutive redemption streak. The largest outflows came from BlackRock's IBIT and Fidelity's FBTC funds. This sell-off reflects profit-taking, macroeconomic uncertainty, and reduced risk appetite among institutional investors. Despite the recent outflows, spot Bitcoin ETFs have attracted over $50 billion in net inflows since their January 2024 launch, indicating the current sell-off is a small portion of overall investment. Investors should expect continued volatility as ETF redemptions pressure Bitcoin prices.
US spot Bitcoin ETFs experienced a record $6 billion outflow over the past 30 days, driven by a 17% drop in Bitcoin's price and a 13-day consecutive redemption streak. The largest outflows came from BlackRock's IBIT and Fidelity's FBTC funds. This sell-off reflects profit-taking, macroeconomic uncertainty, and reduced risk appetite among institutional investors. Despite the recent outflows, spot Bitcoin ETFs have attracted over $50 billion in net inflows since their January 2024 launch, indicating the current sell-off is a small portion of overall investment. Investors should expect continued volatility as ETF redemptions pressure Bitcoin prices.
What's Your Reaction?
:max_bytes(150000):strip_icc()/GettyImages-2187410260-5afe56694791404f99c253dd8d5abe6a.jpg?#)
