US spot Bitcoin ETFs see record $6.35B outflow amid Bitcoin price drop to four-month lows
US spot Bitcoin ETFs experienced their largest 30-day capital outflow of $6.35 billion, driven mainly by BlackRock and Fidelity products. This coincided with Bitcoin's 17.4% price decline to around $64,167, hitting four-month lows near $60,000. Despite the sell-off, BlackRock remains confident in Bitcoin's long-term value, viewing the outflows as short-term fluctuations amid broader economic and geopolitical pressures. The coming weeks will be critical to see if the outflow trend stabilizes or continues.
US spot Bitcoin ETFs experienced their largest 30-day capital outflow of $6.35 billion, driven mainly by BlackRock and Fidelity products. This coincided with Bitcoin's 17.4% price decline to around $64,167, hitting four-month lows near $60,000. Despite the sell-off, BlackRock remains confident in Bitcoin's long-term value, viewing the outflows as short-term fluctuations amid broader economic and geopolitical pressures. The coming weeks will be critical to see if the outflow trend stabilizes or continues.
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