Bitcoin ETFs Lose $1.44B in 5 Days as Selling Deepens

Bitcoin ETFs lost $299.90 million on Wednesday, extending their five-session outflow total to $1.44 billion. Ether funds shed another $144.81 million, while selling spread across every major crypto ETF category. The institutional retreat from crypto deepened Wednesday, even as a growing shift toward in-kind exchange-traded fund (ETF) transactions complicated the usual reading of fund demand. Bitcoin and ether ETFs recorded $444.71 million in combined outflows. Including Zcash, SOL, HYPE and NEAR, withdrawals across the market approached $469 million for the session. The breadth was striking, with no major category finishing in positive territory. Bitcoin ETFs posted a fifth consecutive day of outflows, with Blackrock’s IBIT accounting for $269.73 million of the $299.90 million total. Grayscale’s GBTC lost another $39.13 million. Morgan Stanley’s MSBT provided the only offset, attracting $8.96 million.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Bitcoin.com News.