Record $935 Million Net Outflows from Bitcoin ETFs Amid Market Sell-Off
- Bitcoin ETFs experienced a record $935 million in net outflows on Tuesday.
- Total losses for the week reached approximately $1.5 billion.
- Fidelity’s FBTC led with $344 million in outflows, followed by BlackRock’s IBIT at $162 million.
- Other significant outflows included Bitwise’s BITB and Grayscale’s BTC, each over $85 million.
- The market downturn is linked to macroeconomic concerns and tariff threats from President Trump.
The crypto market faced significant pressure as Bitcoin ETFs recorded a record-breaking $935 million in net outflows on Tuesday, driven by investor risk aversion due to macroeconomic uncertainties and tariff threats. Fidelity’s FBTC saw the largest withdrawals at $344 million.
Source (2.6)https://cryptobriefing.com/bitcoin-etfs-outflows-risk-averse-investors/?rand=59535
