Bitcoin ETF Outflows Reach $1.2 Billion: What It Means for the Market

This week saw U.S.-based Bitcoin ETFs suffer a significant net outflow of over $1.2 billion, driven primarily by institutional investors pulling back their investments. BlackRock’s iShares Bitcoin Trust (IBIT) alone witnessed $268.6 million in outflows, highlighting the substantial impact these giants are having. The sharp decline of Bitcoin prices from its high point of over $115,000 to just below $104,000 this week further emphasizes the link between these withdrawals and market volatility.