Bitcoin ETFs Suffer Record Outflows as Long-Term Holders Sell

U.S.-listed Bitcoin exchange-traded funds experienced their second-largest single-day outflow on Thursday, with investors withdrawing over $869 million. This massive withdrawal follows a trend of declining demand in the cryptocurrency market as Bitcoin’s price dropped below $100,000 and broader market volatility rattled Wall Street. The outflows are particularly notable as they mark a significant shift in sentiment, highlighting growing caution among investors amidst heightened volatility and shifting market dynamics.