US spot bitcoin funds face outflows over five straight days
Image: CointelegraphUS spot Bitcoin exchange-traded funds recorded net withdrawals over five consecutive sessions. BlackRock's iShares Bitcoin Trust drove a large share of the recent outflows. The funds still hold significant net inflows since their 2024 launch. Meanwhile, Bitcoin traded near $73,000 amid broader market liquidations and weak spot demand.
Key points
- Five straight sessions of withdrawals drained funds across the market.
- Grayscale's Bitcoin Trust ETF also posted an outflow on Wednesday.
Why it matters
Sustained exchange-traded fund withdrawals reduce assets under management for institutional issuers and remove a steady source of buying pressure for BTC.
Price context · BTC
At publication
$73,591.00
Now
$73,529.00
Change since
−0.08%
7 days · dashed line = publication
Sources · 3 publishers
BeInCrypto
Tier 2
5 Days of Bitcoin ETF Outflows, Brought to You Mostly by BlackRock
Cointelegraph
Tier 1
BlackRock Bitcoin ETF outflows hit $2B over nine sessions
Coverage timeline
- First reported by Crypto Briefing
- Also reported by BeInCrypto
- 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
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