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Bitcoin ETFs See $1.3 Billion Weekly Outflows, Largest Since June

U.S. spot Bitcoin ETFs (exchange-traded funds) recorded $1.28 billion in net outflows last week, marking their largest weekly withdrawals since late June. The heavy redemptions pushed year-to-date net outflows for the funds to approximately $919 million, according to data.

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By Dextape Desk ·

Spot Bitcoin exchange-traded funds in the United States logged $1.28 billion in net withdrawals over the past week, the biggest weekly figure since late June, according to data cited by the publication. Year-to-date net outflows now total roughly $919 million, following $515 million pulled out during October. BlackRock's iShares Bitcoin Trust accounted for about 95 percent of the total, with $1.21 billion leaving, based on Farside Investors figures. Fidelity's FBTC fund took in roughly $93 million over the same period despite heavy Thursday redemptions. Research firm Bitfire linked the slide to shifting rate expectations, post-election uncertainty, and weakness in technology stocks. It said investors are reassessing whether Congress will pass the CLARITY Act before year-end. Bitcoin traded near $74,049 at publication. Upcoming U.S. inflation data and Federal Reserve signals were named as the next key catalysts.

Why it matters: Sustained ETF outflows reflect continued investor caution in one of the most closely watched channels for institutional Bitcoin exposure.

Mentioned: Bitcoin, BlackRock, Fidelity

Summary by Dextape, based on reporting by Bitcoinist. Machine-written from Bitcoinist’s report and checked against it · How Dextape writes

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