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Blackrock, Fidelity Lead $635M Bitcoin ETF Loss—Biggest Outflow Since June

Published Source: Bitcoin.com NewsRead original

Crypto Insight Summary: U.S. bitcoin ETFs suffered $635.49 million in net outflows on Thursday, abruptly interrupting a three-session run that had attracted more than $1 billion.   Bitcoin ETFs Suffer Biggest Outflow Since June The institutional tide turned with remarkable speed. A day after bitcoin ETF buying broadened across eight funds, investors pulled $635.49 million from the category. […] Crypto Insight Analysis: Direction: Bearish BTC Impact: Major Impact Horizon: Short-term (1-3 days) Reasoning: Massive ETF outflows signal institutional bearishness, likely to pressure BTC price.

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