Cryptocurrency ETF Outflows Spike as Bitcoin Price Seeks Stability

Recent weeks have seen significant outflows from cryptocurrency exchange-traded funds (ETFs), raising concerns about market stability. In the U.S., spot Bitcoin ETFs experienced a net outflow of $1.22 billion over the past week, extending their streak to the fourth consecutive week and marking losses totaling $4.34 billion as per SoSoValue data. BlackRock’s iShares Bitcoin Trust (IBIT) fund, notably saw an outflow of $1.09 billion, the second-highest weekly outflow since its inception. This trend highlights investor concerns about potential market instability in the face of Bitcoin price fluctuations and declining liquidity.