Bitcoin ETFs now down over $1.5 billion in net outflows for the year
US spot bitcoin ETFs have swung to more than $1.5 billion in net outflows for the year, driven by rapid recent redemptions. Bitcoin fell below $70,000 on Friday, its lowest level since August. Traders should watch ETF flow data closely, since sustained redemptions remove a key source of demand and have been tied directly to the current price weakness.