Spot bitcoin ETFs see $869 million in outflows, marking second-largest exit on record
U.S. spot bitcoin ETFs experienced $869.9 million in net outflows on Thursday, their second-largest daily exit ever.Summary
U.S. spot bitcoin exchange-traded funds recorded $869.9 million in net outflows on Thursday, representing the second-largest daily exit since their launch. Grayscale's Bitcoin Mini Trust led the outflows with $318.2 million, followed by BlockRock's IBIT ($256.6 million) and Fidelity's FBTC ($119.9 million). Analysts suggested these large outflows signal a risk-off reset, with institutions pulling back amid macroeconomic uncertainty, potentially related to the Federal Reserve's path and deteriorating risk appetite. This selling pressure coincided with a broader crypto market sell-off, pushing Bitcoin below $97,000. Experts view the current price dip as potentially creating buying opportunities for long-term investors once market depth is reestablished.
(Source：The Block)