Bitcoin ETFs See Major Outflows

According to data provided by SoSoValue, Bitcoin exchange-traded funds (ETFs) recorded $143.3 million worth of outflows on Thursday.

Only BlackRock’s iShares Bitcoin Trust ETF (IBIT) was in the green, with $45.75 million of inflows, which helped cushion the overall downturn but was insufficient to achieve positive net flows.

Fidelity’s Fidelity Wise Origin Bitcoin Fund (FBTC) faced significant outflows exceeding $75 million, while the ARK 21Shares Bitcoin ETF (ARKB) saw massive outflows of more than $60 million.

As a result, Bitcoin’s price is currently trading at $82,511, following a 7% correction over the past week. Meanwhile, the flagship S&P 500 stock market index has entered technical correction territory amidst global trade tensions, and the tech-heavy Nasdaq-100 index dropped nearly 2% on Thursday, further impacting the flagship cryptocurrency.