Recent Bitcoin sell-offs have significantly impacted US spot Bitcoin ETFs, resulting in substantial losses for investors and a ripple effect through the crypto market. Outflows exceeding $3 billion have been recorded, including record redemptions of nearly $523 million from BlackRock’s IBIT. This has led to a sharp decline in Bitcoin prices below $90,000, putting ETF investors underwater. 🧠Key factors contributing to this volatility include increased withdrawals from prominent ETFs like BlackRock and Fidelity, reflecting investor caution. Institutional players like Ark Invest and Grayscale are also experiencing substantial losses. Analysts attribute the sell-off to a combination of macroeconomic risks and liquidity challenges, highlighting the cyclical nature of crypto adoption. While market volatility is expected to subside in the long term, current uncertainty has left investors wary and cautious about future investments.