US spot Bitcoin ETFs see $696M in outflows, largest since January
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US spot Bitcoin ETFs recorded $696 million in net outflows, the largest single-day withdrawal since January, signaling renewed investor caution amid market volatility. The move marks a sharp reversal for the funds, which had drawn sustained inflows earlier in the year. The scale of the exit matters because it suggests institutional appetite for Bitcoin exposure may be cooling, potentially weighing on spot demand. Traders will watch whether the outflows persist over consecutive sessions or prove a one-day de-risking event, with attention on Bitcoin's price stability and any rebound in ETF flows.
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US spot Bitcoin ETFs, Bitcoin (BTC)
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