Crypto
Bitcoin ETF Outflows Total $201.8 Million as BTC Slips Below $78K
Bitcoin ETFs experienced their first major outflow day in over a week on Friday, with $201.8 million leaving the funds as BTC slipped below $78,000.
The nine-day inflow streak came to an end as total assets held by the funds dropped back below $100 billion after briefly crossing that threshold Thursday.
The largest withdrawal was recorded by the ARK 21Shares Bitcoin ETF (ARKB), with $114.9 million leaving the fund, followed closely by the Bitwise Bitcoin ETF (BITB) with $49.7 million in outflows.
However, not all crypto ETFs experienced a decline on Friday, as U.S. spot Ethereum ETFs attracted $102.2 million, extending their recent run of positive flows.