What Triggered Recent $4B Bitcoin ETF Outflows?

The U.S.-listed spot bitcoin (BTC) exchange-traded funds (ETFs) saw billions in outflows in recent weeks amid a 35% price plunge from $125,000 to the low $80,000s, sparking talk of institutional capitulation. Yet data analysis by Amberdata presents a far more nuanced picture: concentrated redemptions from "basis trade," or arbitrage bets closures, not broad panic across ETFs, with total holdings staying robust at 1.43 million BTC. "Nearly $4 billion in Bitcoin ETF outflows since mid-October. Price collap ...