Cryptocurrency ETF outflows intensify as investors withdraw nearly 1 billion dollars

Foresight News: According to Bloomberg, investors have recently withdrawn nearly $1 billion from bitcoin-tracking ETFs, marking the second-largest daily outflow for this group of 12 funds. BlackRock's bitcoin fund (ticker IBIT) experienced an outflow of $355 million, followed by Grayscale's GBTC and Fidelity's FBTC, each seeing outflows of nearly $200 million. This group of funds is also on track to record its largest weekly outflow since February.

The launch of spot bitcoin ETFs last year redefined how capital flows into the crypto sector and how traders interpret market sentiment. In the past month, nearly $4 billion has flowed out of these funds, while the price of bitcoin has dropped by about 30%. ETFs are no longer just passive investment tools but have become a crucial feedback loop for investor risk management.