Spot Bitcoin ETFs Suffer $202M Outflows as BTC Falls Under $78,000
U.S. spot Bitcoin ETFs snapped a nine-day streak of inflows after recording $201.8 million in net redemptions.
U.S. spot Bitcoin exchange-traded funds recorded $201.8 million in net outflows on Friday, ending a nine-day streak of consecutive capital inflows. The redemptions, led primarily by the ARK 21Shares Bitcoin ETF, coincided with Bitcoin's price falling below the $78,000 mark.
The net outflows pushed total aggregate assets held across all U.S. spot funds back under the $100 billion threshold. Institutional profit-taking and broader macroeconomic caution contributed to reduced demand across derivative and exchange-traded products.
The shift in institutional ETF flows signals cooling momentum in the near term, with traders closely monitoring support levels around previous cycle highs.
Key takeaways
- U.S. spot Bitcoin ETFs registered $201.8 million in net daily outflows.
- Total ETF holdings dropped back below the $100 billion benchmark.
- Bitcoin fell below $78,000 amid institutional profit-taking.