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On Tuesday, investors yanked substantial amounts from the U.S.-listed spot Bitcoin (BTC) exchange-traded funds (ETFs) as macroeconomic uncertainties cast a shadow over the cryptocurrency’s price prospects.
Bitcoin ETFs Continue Their Losing Streak Amid Risk Aversion
Eleven BTC ETFs recorded a combined net outflow of $326 million, marking their largest daily net outflows since March 11, data compiled by Farside Investors shows. BlackRock’s IBIT led the outflows, losing a record $252.9 million, with Bitwise’s BITB bleeding $21.7 million.
The massive outflows coincide with a…
