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Bitcoin ETF Outflows Accelerate as Price Drops Below $77,000

Guavy AI Editorial Team
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BTC
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Investors have withdrawn $449 million from Bitcoin exchange-traded funds (ETFs) this week, marking a significant acceleration of outflows. This comes as Bitcoin's price has fallen below $77,000 on Thursday after a combination of higher-than-expected inflation data and rising oil prices put pressure on the cryptocurrency.

According to data, the two-day outflows from Bitcoin ETFs reached $166.8 million, with ARKB leading the way at $78 million on Wednesday. Other notable withdrawals include GBTC and IBIT, which saw continued redemptions.

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