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$1.2B Left BTC ETFs This Week, but Not All is Lost for Bitcoin Price

Spot Bitcoin exchange-traded funds (ETFs) in the United States saw over $1.2 billion in outflows this week, cementing a brutal week for Bitcoin and digital asset products. According to data from SoSoValue, Friday alone saw $366.6 million in redemptions, led by BlackRock’s iShares Bitcoin Trust, which lost $268.6 million. Fidelity’s fund shed $67.2 million, Grayscale’s GBTC recorded $25 million in outflows, while Valkyrie saw only minor redemptions. This was the worst week for Bitcoin ETFs since mid-2024, ...