Spot bitcoin ETFs shed $1.2 billion in second-largest weekly outflows since debut

U.S. spot bitcoin exchange-traded funds recorded a substantial weekly net outflow of $1.23 billion last week, marking the second-largest outflow event since these funds debuted in 2024. This outflow followed a $2.7 billion net inflow the prior week, with $366.6 million leaving on Friday alone. This significant withdrawal coincided with severe volatility in Bitcoin's price, which dropped from around $121,000 to nearly $103,700 before recovering. Furthermore, spot Ethereum ETFs also saw net outflows of $311.8 million last week. Analysts suggest that improved liquidity for risk assets, including digital assets, is being driven by expectations that the Federal Reserve might cut interest rates soon due to persistent softness in the labor market.

(Source：The Block)