Spot bitcoin ETFs register second consecutive day of outflows totaling $545 million

Group 1 - Investors withdrew $544.94 million from U.S. spot bitcoin exchange-traded funds (ETFs) on Wednesday, marking a second consecutive day of net outflows [2] - BlackRock's IBIT led the outflows with $373.44 million, followed by Fidelity's FBTC with $86.44 million and Grayscale's GBTC with $41.77 million [2] - The total outflows over the two days reached $816.96 million, following a significant inflow of $562 million on Monday, the largest daily intake since mid-January [4] Group 2 - Bitcoin's price fell below $71,000, reaching its lowest level since October 2024, amid a broader risk-off sentiment in global financial markets [3] - Despite recent outflows, U.S. spot bitcoin ETFs have accumulated $54.75 billion in total net inflows since their launch two years ago, representing 6.36% of bitcoin's total market capitalization [5] Group 3 - Outflows extended to other major digital asset products, with U.S. spot Ethereum ETFs experiencing net outflows of $79.48 million, primarily from BlackRock's iShares Ethereum Trust and Fidelity's Ethereum Fund [6] - U.S. spot XRP ETFs saw a net inflow of $4.83 million, with Franklin Templeton's XRP Fund capturing over half of that total, while spot Solana ETFs posted a net outflow exceeding $6 million [7]