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 ...

Investors pulled capital from U.S. spot Bitcoin exchange-traded funds on Thursday, marking the fourth successive trading day of outflows amid heightened macroeconomic and geopolitical volatility. The funds shed a net $1.62 billion over four trading days, marking one of the largest and most sustained periods of net redemptions since the ETFs' inception in early 2024, per SoSoValue data. The streak, which began last Friday, continued through Thursday as the market processed a series of heavy withdrawals. ...