Bitcoin Spot ETFs See Major Outflows as Institutional Sentiment Shifts

Significant outflows from Bitcoin spot ETFs, particularly those managed by BlackRock and ARK Invest, have triggered concerns about short-term market volatility in the cryptocurrency space. Data reveals a total net outflow of $616 million for these funds, with BlackRock’s IBIT leading the decline. This sudden shift marks a notable departure from previous trends and highlights the increasing influence of institutional investors on Bitcoin’s price fluctuations.