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Bitcoin ETFs See $536 Million in Outflows as BTC Wilts Below $110K

The U.S.-listed crypto exchange-traded funds (ETFs) bled money Thursday, snapping a two-week streak of consistent inflows. The 11 bitcoin (BTC) ETFs registered a net outflow of 536.4millionasinvestorspulledout536.4 million as investors pulled out 56.8 million from ether ETFs. Data curated by SoSoValue shows BlackRock’s iShares Bitcoin Trust (IBIT) saw 29millioninoutflowsontheday,whileFidelitysFBTClost29 million in outflows on the day, while Fidelity’s FBTC lost 132 million. Grayscale’s converted GBTC product shed $67 million, with smaller issuers such as Bitwise and VanEck also rec ...