Bitcoin (BTC) News: $869M Outflow Hits Spot ETFs
U.S. spot bitcoin ETFs experienced an $869.86 million outflow, their second-largest ever, amid Bitcoin's drop below $100,000.Summary
The 11 U.S.-listed spot bitcoin exchange-traded funds (ETFs) collectively recorded an outflow of $869.86 million on Thursday, marking the second-largest single-day outflow on record, according to SoSoValue data. This significant withdrawal follows a three-week period where investors pulled out a total of $2.64 billion, suggesting increasing caution in the market. The substantial outflow occurred as Bitcoin's price fell below the critical $100,000 support level and general risk aversion increased on Wall Street. At the time of reporting, Bitcoin was trading near $97,500, reflecting a drop of over 5% in 24 hours and 11% for the month. Additionally, Ether ETFs also saw a significant outflow of $259.72 million, the highest since October 13.
(Source：CoinDesk)