Bitcoin (BTC) News: Spot ETFs Bleed $536M as Prices Wilt Below $110K

U.S.-listed Bitcoin ETFs recorded a significant net outflow of $536.4 million on Thursday, breaking a two-week streak of consistent inflows. This massive redemption coincided with Bitcoin's price falling below $110,000, following a volatile period that saw BTC drop from $126,000 highs due to leveraged liquidations and geopolitical tensions. Major outflows included $29 million from BlackRock's IBIT and $132 million from Fidelity’s FBTC, while Grayscale's GBTC shed $67 million. Analysts noted that this drawdown highlights Bitcoin's increasing sensitivity to equity markets, with some describing the sell-off as a necessary market reset following major futures deleveraging. Despite the recent pullback, Citi maintained its year-end target of $133,000 for Bitcoin, citing resilient ETF participation.

(Source：CoinDesk)