Bitcoin Spot ETFs Suffer $772 Million Single-Day Net Outflows, Biggest Single-Day Funding Withdrawal in Nearly Three Months
U.S. bitcoin spot ETFs suffered huge net outflows of $772 million yesterday, marking the biggest single-day funding withdrawal in nearly three months. Among them, BlackRock IBIT saw its first single-day net outflow of $460 million, and grey GBTC outflows accelerated to $210 million. Analysts pointed out that the expectation of the Trump administration's proposed 125 per cent tariffs on Chinese goods triggered market concerns about the resurgence of inflation, prompting some institutional investors to turn to traditional safe-haven assets (e.g., gold, U.S. bonds).
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