Bitcoin ETFs Bleed $860M in Second-Largest Outflow on Record
Bitcoin’s downturn has intensified, dropping below $97,000 amid weakness across the broader digital-asset market. The decline coincided with heavy withdrawals from U.S. spot Bitcoin ETFs, which saw over $860 million leave on Thursday—representing the second-largest daily outflow ever for these funds—reflecting investor caution and adding further downward pressure on prices.
U.S. spot Bitcoin ETFs recorded over $860 million in net outflows on Thursday, marking their second-largest single-day withdrawal since launch.
Analysts said the wave of withdrawals reflects growing investor caution and a shift toward safer assets amid macroeconomic uncertainty.
Bitcoin continued to slide below $97,000, reaching levels not seen since early May.
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