U.S. Bitcoin Spot ETFs See $203.8 Million Net Outflow Yesterday with BlackRock and Fidelity Leading Declines

New data reveals that U.S. Bitcoin spot ETFs experienced a total net outflow of $203.8 million yesterday, signaling a shift in recent market sentiment.

Key ETF Movement

Among them, BlackRock's IBIT saw a net outflow of $116.4 million, making it one of the largest contributors to the decline. Meanwhile, Fidelity's FBTC also recorded a net outflow of $27.9 million, reflecting cautious behavior from institutional investors.

Insights into Market Trends

• The outflow may be linked to short-term market fluctuations.
• Investors appear to be taking a wait-and-see approach regarding Bitcoin's current price.
• ETF performance remains a key indicator of overall market sentiment.