Bitcoin ETFs Suffer Massive Outflows: BlackRock Leads $145 Million Withdrawal

The world of cryptocurrency investments is experiencing a significant shakeup as US spot Bitcoin ETFs have recorded a shocking $145.4 million net outflow, reversing previous gains and raising concerns among investors. BlackRock’s IBIT fund led the charge with a massive withdrawal of $143.48 million, potentially signaling broader market uncertainty surrounding Bitcoin ETF performance. While other funds like Ark Investment’s ARKB ($11.65 million) and Bitwise’s BITB ($5.79 million) also saw outflows, the coordinated nature of these withdrawals points to larger forces at play beyond individual investor decisions.