Bitcoin ETFs Shed $817M as BTC Hits Nine

U.S. spot Bitcoin exchange-traded funds (ETFs) notched a massive $817 million net outflow on Thursday, as the leading cryptocurrency’s price plummeted to a nine-month low.

The exodus was led by BlackRock’s IBIT, which saw $317.81 million in redemptions—a figure higher than the combined outflows of Fidelity’s FBTC ($168.05M) and Grayscale’s GBTC ($119.44M), according to SoSoValue data.…

The post Bitcoin ETFs Shed $817M as BTC Hits Nine appeared first on ChinaPulse.com.