Bitcoin ETFs Bleed $1.62B in Four Days — Are Hedge Funds Dumping BTC?

Bitcoin spot exchange-traded funds have experienced steep outflows over four trading days, losing a combined total of $1.62 billion. The exit has raised a question on whether hedge funds are withdrawing their Bitcoin exposure as the market conditions change. The withdrawals occur as Bitcoin fails to regain momentum around critical price points, while a once-popular institutional arbitrage strategy steadily loses its appeal. BlackRock’s IBIT Leads Bitcoin ETF Outflows as BTC Slips Below $90K As of Janu ...