US spot bitcoin ETFs bleed $410 million as BTC slips below $66,000

US-listed spot bitcoin exchange-traded funds (ETFs) recorded a combined net outflow of $410 million on Tuesday, marking a significant retreat as the price of Bitcoin dipped below the $66,000 support level. This sell-off represents one of the largest single-day outflows since the products launched in January. Grayscale’s Bitcoin Trust (GBTC) continued to witness substantial withdrawals, while usually resilient funds from Fidelity and Bitwise also saw net exits. Market analysts attribute this trend to cooling institutional demand and broader risk-off sentiment in the financial markets. As Bitcoin struggles to regain its bullish momentum, the liquidations in the ETF space reflect growing caution among investors regarding short-term price volatility.

Source: US spot bitcoin ETFs bleed $410 million as BTC slips below $66,000

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