US Spot Bitcoin ETFs Face $1.2B in Weekly Outflows
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Spot Bitcoin ETFs in the U.S. saw heavy red this week, losing $1.22 billion amid BTC’s sharp decline. On Friday alone, outflows totaled $366.6 million, led by BlackRock’s iShares Bitcoin Trust with $268.6 million. Fidelity shed $67.2 million, while Grayscale lost $25 million. The exodus followed Bitcoin’s $10K drop, from above $115,000 on Monday to under $104,000 by Friday — its lowest in four months.