Record Bitcoin ETF Outflows: What Caused the Price Drop?

On Thursday, US spot bitcoin ETFs experienced their largest single-day outflow, with $680 million exiting the products, breaking a 15-day streak of positive inflows. Fidelity’s FBTC led the withdrawals with $208.6 million in outflows, as reported by SoSoValue. Grayscale’s Bitcoin Mini Trust experienced $188.6 million in outflows, while 21Shares’ Ark and ARKB recorded $108.4 million…