Bitcoin Price (BTC) News: $40B in ETF Volume Signals Institutional Capitulation

The 11 U.S.-listed spot bitcoin exchange-traded funds (ETFs) experienced a record cumulative trading volume exceeding $40.32 billion last week, suggesting that institutional investors are capitulating and exiting their positions. BlackRock's IBIT dominated this activity, accounting for nearly $27.79 billion, or almost 70% of the total volume. This surge in trading coincided with a significant drop in Bitcoin's price, which fell 23% this month to around $86,700, pushing most ETF holders below their entry price of $90K. Furthermore, the ETFs processed record redemptions totaling $3.55 billion this month, challenging the notion that these entities hold long-term positions and possibly indicating fears of a broader macroeconomic downturn are driving the sell-off.

(Source：CoinDesk)