Record Bitcoin ETF Outflows Signal Investor Caution

BlackRock’s spot Bitcoin exchange-traded fund (ETF), IBIT, recently saw the largest daily outflow in its history, resulting in a net loss of $523.2 million. Despite Bitcoin’s price increase on the same day, investors pulled money out of the ETF, suggesting a profit-driven trend in the short term. This follows a record level of exits from ETF markets in November. The fund’s decline to $52 in pre-market trading further indicates the potential for short-term profits.