Bitcoin ETFs See Outflows Mount to Over $1 Billion Amidst Market Jitters

US spot Bitcoin exchange-traded funds (ETFs) are experiencing prolonged outflows, reaching an unprecedented level of nearly $1 billion over the past three days. This trend is fueled by investor risk aversion in response to concerns surrounding US regional banks and a general weakening appetite for risk assets. These withdrawals follow a day of significant losses, surpassing $536 million on Thursday, marking the largest single-day outflow since August.