[CoinDesk] Bitcoin ETFs are now down over $1.5 billion in net outflows for the year

Bitcoin exchange-traded funds have slipped to more than $1.5 billion in net outflows year-to-date, erasing earlier inflows as redemptions accelerated. The sustained withdrawals coincided with bitcoin's spot price falling below $70,000 on Friday, its lowest level since August. The reversal matters because ETF flows had been a major source of demand and a bullish narrative for the asset class. Traders will watch whether redemptions stabilize and whether bitcoin can reclaim the $70,000 level.