US spot Bitcoin exchange-traded funds record large weekly outflows
Image: CointelegraphUS spot Bitcoin exchange-traded funds recorded $1.28 billion in net outflows last week. This marked the largest weekly withdrawals since late June. BlackRock's IBIT accounted for about 95% of the weekly total with $1.21 billion in net outflows. Bitcoin fell below $76,000 amid market pressures, technology stock sell-offs, and macroeconomic uncertainty.
Key points
- US spot Bitcoin exchange-traded funds recorded $1.28 billion in net outflows last week.
- BlackRock's IBIT recorded $1.21 billion in net outflows, accounting for about 95% of the total.
- The withdrawals brought year-to-date net outflows for the funds to approximately $919 million.
- Bitcoin fell below $76,000 and traded near $74,049 at publication.
Why it matters
The outflow data shows how spot Bitcoin exchange-traded funds respond to macroeconomic uncertainty and broader market pressures.
Price context · BTC
At publication
$75,004.00
Now
$74,894.00
Change since
−0.15%
7 days · dashed line = publication
Sources · 3 publishers
Cointelegraph
Tier 1
Bitcoin ETFs shed $1.3B in biggest weekly outflow since late June
Bitcoinist
Tier 2
Bitcoin ETFs See $1.3 Billion Weekly Outflows, Largest Since June
Coverage timeline
- First reported by The Block
- Also reported by Cointelegraph
- CryptoVideos brief published
How this page is checked. AI drafted this brief from selected independent reports. Automated checks compare numbers, source coverage and topic terms, but may miss errors. Publication and evidence refreshes run automatically. Read the linked reports for context. Report an error
