US spot Bitcoin exchange-traded funds (ETFs) posted $462.7 million in weekly outflows, ending a three-week stretch of heavy investor demand.The funds recorded withdrawals across all four trading sessions in the holiday-shortened week, marking their first weekly loss since mid-August.SoSoValue data showed net withdrawals of $46.7 million Tuesday, the first trading day after the Labor Day holiday. Outflows accelerated to $120.2 million Wednesday and $282.6 million Thursday before easing to $13.3 million Friday.The reversal remains modest compared with the preceding demand. Investors poured roughly $3.8 billion into the products over the previous three weeks as Bitcoin rallied briefly above $80,000, giving the cryptocurrency a steady source of buying during its August breakout.That support has now stalled as the macro backdrop grows more difficult.Ecoinometrics, a Bitcoin-focused research platform, said the run of negative sessions remains too short to establish a lasting reversal in ETF demand. But an extended streak would make it increasingly difficult for Bitcoin to hold above $75,000.Bitcoin ETF Outflows (Source: Ecoinometrics)The concern is less about $462.7 million leaving the f...
Bitcoin ETFs just lost $463 million as the Fed puts BTC at risk of losing $75,000
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