Bitcoin ETFs Experience Significant Outflows Amid Market Volatility
- U.S.-listed bitcoin ETFs saw a net outflow of $536.4 million on Thursday.
- Investors withdrew $56.8 million from ether ETFs during the same period.
- Bitcoin’s price fell from $126,000 highs to approximately $106,803.77 amid market turbulence.
- Citi analysts noted that the sell-off indicates bitcoin’s increasing sensitivity to equity markets.
- Glassnode characterized the sell-off as a “necessary reset” following significant futures deleveraging.
The recent outflows from bitcoin ETFs highlight a shift in market sentiment, particularly after a volatile fortnight marked by leveraged liquidations and external economic pressures like U.S.–China trade tensions.
Despite these challenges, Citi maintains its year-end target for bitcoin at $133,000, reflecting ongoing participation in ETFs. The recent outflow of $536 million underscores the current market’s instability.
