Bitcoin ETFs See $93M Outflow Amid Market Shift

A significant outflow of $93 million occurred in US Bitcoin exchange-traded funds (ETFs) yesterday, signaling a change in institutional investment sentiment towards the cryptocurrency. This move has drawn attention from major ETF issuers like BlackRock and Fidelity, who are actively involved in this market shift. The current market volatility may be contributing to cautious investor behavior, particularly among institutions, which could impact Bitcoin’s price dynamics. Notably, Glassnode reports show ETFs turning positive while trading volumes remain constrained, indicating a shift in institutional sentiment.