News
Bitcoin ETFs see $430M net outflows as tech selloff hits Wall Street investors
U.S. spot Bitcoin exchange‑traded funds recorded a net withdrawal of $430.2 million on Thursday, driven by a technology‑stock selloff. Fidelity’s Wise Origin Bitcoin Fund (FBTC) lost $199.9 million and BlackRock’s iShares Bitcoin Trust (IBIT) shed $105 million, together accounting for about 71 % of the day’s outflows. Grayscale’s GBTC and Franklin Templeton’s EZBC also posted outflows of $49.9 million and $32.9 million respectively. The week’s total net outflow reached $869.8 million, following a $643.2 million outflow the previous Friday. The withdrawals coincided with a 5.5 % drop in the Nasdaq Composite and a 4.4 % decline in the S&P 500.