US Bitcoin and altcoin ETFs saw notable outflows on Wednesday as BTC dipped below $71,000 and investor sentiment returned to extreme fear.
US spot Bitcoin exchange-traded funds (ETFs) ended their inflow streak amid a BTC price dip after recording $1.2 billion of inflows over seven consecutive days.
Spot Bitcoin (BTC) ETFs saw $163.5 million in outflows on Wednesday, according to Farside data.
The Fidelity Wise Origin Bitcoin Fund (FBTC) led the outflows at about $104 million, followed by BlackRock’s iShares Bitcoin Trust ETF (IBIT) with $34 million.
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