Bitcoin ETFs See Massive Outflow as BTC Price Slumps
US-listed Bitcoin ETFs experienced a net outflow of $225.2 million on Thursday, ending a seven-day streak of inflows totaling nearly $1 billion.
This reversal coincided with Bitcoin briefly dropping below $65,000 amid weakening US equity markets and renewed US-Iran tensions.
Despite the outflow, Bitcoin ETFs still recorded about $274 million in weekly net inflows through Thursday.