Bitcoin ETFs Experience Surprise Outflow Following Record Inflows

A significant shift occurred in the US-based spot Bitcoin exchange-traded funds (ETFs) market after hitting a record high for net inflows. On Tuesday, over $96 million was withdrawn from these funds, reversing the previous upward trend. Fidelity’s FBTC fund alone witnessed an outflow of nearly $91 million, while Hashdex’s DEFI product also experienced a decline of approximately $5 million. All other funds recorded zero flows that day. Market observers attribute this sudden decline to U.S.-China trade negotiations and inflation data, which are impacting investor sentiment.