US spot Bitcoin ETFs see $262 million net outflows after BTC price drop

US spot Bitcoin exchange-traded funds (ETFs) experienced renewed net outflows on Wednesday as Bitcoin’s price fell below $82,000. Data from SoSoValue indicated that investors withdrew approximately $262 million from these funds, reversing the $176 million in net inflows recorded the previous day. The latest round of withdrawals brought the week’s cumulative net outflows to $151 million through Wednesday. Just a week earlier, US spot Bitcoin ETFs had registered $681 million in net outflows, highlighting persistent volatility across the sector. Bitcoin’s retreat below $82,000 came after the release of the latest US inflation report. By the time of this report, the cryptocurrency was trading at about $80,741, marking a 3.2% decline in the previous 24 hours, according to CoinGecko data.

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