$536 Million Outflow Occurred in Bitcoin ETFs

Significant Outflows in Bitcoin and Ethereum ETFs

Bitcoin and Ethereum ETFs have seen significant outflows recently. BlackRock's iShares Bitcoin Trust experienced a $29 million loss, while Fidelity's FBTC fund faced an outflow of $132 million.

Citi analysts noted the increasing market sentiment towards Bitcoin, while Glassnode described this wave of selling as a necessary reset resulting from deleveraging in large futures positions.