US Bitcoin ETFs Experience Significant Outflows
US spot Bitcoin ETFs saw $1.2 billion in outflows this week as Bitcoin prices plunged.
Despite the decline in institutional inflows, Charles Schwab reports rising investor engagement in crypto products.
- The eleven US-listed spot Bitcoin ETFs recorded $366.6 million in outflows on Friday.
- BlackRock’s iShares Bitcoin Trust (IBIT) lost $268.6 million in a single day.
- Fidelity’s Wise Origin Bitcoin Fund (FBTC) saw substantial redemptions totaling $67 million.
Investor engagement with crypto-related products is rising, reflecting a growing interest among retail and institutional clients in digital assets.
Author's summary: US Bitcoin ETFs experience $1.2 billion outflows amidst market weakness.