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

Investors pulled another $544.94 million from U.S. spot bitcoin BTC exchange-traded funds on Wednesday, marking a second consecutive day of net outflows, according to data from SoSoValue. BlackRock's IBIT led the daily outflows with $373.44 million exiting the product. Fidelity's FBTC and Grayscale's GBTC followed with outflows of $86.44 million and $41.77 million, respectively. Funds managed by Ark & 21Shares, VanEck, and Franklin Templeton also reported outflows. The selling pressure came as bitcoin ...