Bitcoin ETFs swing back to net outflows as $636 million in withdrawals erase previous day’s inflows
AI summary
US spot Bitcoin ETFs returned to net outflows on Thursday, with $636 million withdrawn across the funds, reversing the prior day's inflows. BlackRock's IBIT accounted for the largest share at $254.1 million, and four other funds also saw redemptions. Traders watch ETF flows as a proxy for institutional demand, so the swing suggests buyers stepped back and could weigh on BTC price momentum.
