Bitcoin ETFs Post Record Outflows as Price Drops Below $77,000

Bitcoin's price dropped sharply this week after inflation data showed Core CPI at a five-year low of 2.4%, pushing investors to take profits and U.S. Treasury yields rose. Since Monday, Bitcoin has fallen from $81,427 to around $76,000, and is now trading near $77,343.

U.S. spot Bitcoin ETFs recorded net outflows of $462.6 million from September 8 to September 11. The selling began with $46.6 million in outflows on September 8, followed by another $120.2 million on September 9. On September 10, investors pulled $282.6 million, the largest single-day outflow of the week.

ARKB recorded around $250.3 million in outflows during the week, while GBTC lost about $129.1 million. IBIT also saw around $52.5 million leave the fund, and FBTC recorded roughly $50.7 million in outflows. Morgan Stanley's MSBT was one of the few funds to remain positive, attracting around $19.7 million during the week.