US spot Bitcoin exchange-traded funds recorded $1.28 billion in net outflows for the week, their largest weekly withdrawals since late June, according to SoSoValue. The withdrawals brought their net outflows for the year to about $919 million. BlackRock’s IBIT accounted for about 95% of the weekly total; it had lost about $1.44 billion over six consecutive trading sessions since Oct. 30.
Fidelity’s FBTC drew about $93 million in net inflows for the week despite losing nearly $200 million on Thursday. Bitfire Research warned that a sustained break below Bitcoin’s $74,400–$75,000 support range could lead to further selling. Bitcoin traded at $74,049 at publication, according to CoinGecko.
