According to Foresight News , citing Bloomberg, investors recently withdrew nearly $1 billion from Bitcoin-tracking ETFs, marking the second-largest daily outflow among the group of 12 funds. BlackRock's Bitcoin Fund (ticker symbol IBIT) saw an outflow of $355 million, followed by Grayscale's GBTC and Fidelity's FBTC, each experiencing outflows of nearly $200 million. This portfolio fund is also on track for its largest weekly outflow since February.
Last year's launch of spot Bitcoin ETFs redefined how capital flows into the crypto space and how traders interpret market sentiment. In the past month, nearly $4 billion has flowed out of these funds, and the price of Bitcoin has since fallen by about 30%. ETFs are no longer passive investment tools, but have become a crucial feedback loop for investors' risk management.
