Spot bitcoin ETFs see largest daily outflows since August, worth $536 million
Summary
U.S. spot bitcoin exchange-traded funds (ETFs) recorded a net outflow of $536.4 million on Thursday, marking the largest single-day negative flow since August 1. Eight of the 12 bitcoin ETFs saw outflows, with Ark & 21Shares' ARKB leading at $275.15 million, followed by Fidelity's FBTC at $132 million. Spot Ethereum ETFs also saw $56.9 million in net outflows. Experts attribute this surge in investor risk aversion to macroeconomic pressures, such as evolving U.S. tariff policies, and a broader market deleveraging event triggered by historic crypto liquidations following U.S. President Trump's proposed 100% tariffs on Chinese imports. This volatility is expected to persist until geopolitical uncertainty lessens and central banks signal a pivot on restrictive monetary policy.
(Source:The Block)