Bitcoin Price Holds $78K as ETF Outflows Slow to $116M

U.S. bitcoin ETFs lost $115.56 million on Tuesday, extending their outflow streak to three sessions but showing a sharp slowdown from the heavy selling seen Friday and Monday. The pressure on bitcoin exchange-traded funds (ETFs) is still visible, though the pace is beginning to soften. Funds posted $115.56 million in net outflows Tuesday, following a $398.62 million withdrawal Monday and Friday’s $643.33 million exit . Blackrock’s IBIT lost $94.98 million, while Grayscale’s Bitcoin Mini Trust shed $52.60 million. Some buyers stepped in. Bitwise’s BITB attracted $21.92 million, Fidelity’s FBTC added $6.76 million and Morgan Stanley’s MSBT brought in $3.34 million. Trading value fell to $1.46 billion, with net assets closing at $99.16 billion. The decline in ETF redemptions comes as bitcoin’s price began stabilizing above $78,000.

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