Bitcoin ETFs Face $96 Outflow as Markets Slide

Despite recent optimism surrounding US-China trade talks, a wave of withdrawals has hit Bitcoin ETFs. Data reveals no net inflows from the twelve active funds, with Fidelity’s FBTC experiencing the largest single-day outflow, amounting to $91.39 million. This follows a market pullback, with Bitcoin failing to hold momentum above $105,000 resistance. While other prominent ETFs such as BlackRock’s IBIT and Grayscale’s GBTC saw no net inflows, most traded at premiums despite the lack of buying activity.