US Spot Bitcoin ETFs Lose $4.4 Billion in 13-Day Withdrawal Streak

BTC-2.76%
IBIT-2.67%
According to data from Farside Investors, US spot Bitcoin ETFs recorded $4.4 billion in outflows over 13 consecutive trading days through Wednesday, marking the longest redemption streak since the launch of spot Bitcoin ETFs. The withdrawals resulted in holdings falling by more than 51,700 BTC over the past month. BlackRock's iShares Bitcoin Trust (IBIT) accounted for approximately $3.3 billion of the outflows, representing about three-quarters of all ETF redemptions, while Bitcoin's price fell close to 20% during the period to near $62,400.
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