Bitcoin ETFs Lose Nearly $500M as Investor Interest Wanes

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Investor Caution Grows as Bitcoin ETFs Shed $494M

U.S. spot Bitcoin (BTC) exchange-traded funds (ETFs) have faced three consecutive days of outflows, totaling $494 million. The most significant withdrawals occurred on Wednesday, with investors pulling $251 million from various ETFs.

Among the largest movements:
📉 Fidelity Wise Origin Bitcoin Fund (FBTC) saw a $102 million outflow, the highest of the day.
📉 BlackRock’s iShares Trust (IBIT) recorded a $22.1 million outflow.

Low Trading Volume and Sluggish Demand
Bitcoin ETFs also saw a drop in trading volume, with only $2.58 billion in total volume on Wednesday. IBIT, which often ranks in the top 5 most traded U.S. ETFs when Bitcoin rallies, slipped to the 10th most traded ETF as momentum slowed.

Additionally, Goldman Sachs’ recent ETF filing reflects weak demand for new long positions, indicating that investors are being cautious about entering new trades at current levels.

Bitcoin Stuck in a Trading Range
Bitcoin is currently trading at $96,000, remaining within a range between $90,000 and its all-time high of $109,000, a level it first reached in mid-November.

With ETF outflows and reduced trading activity, investors are watching for the next major catalyst that could drive Bitcoin’s price in either direction.

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