Bitcoin ETFs log third consecutive week of inflows despite late surge in outflows

U.S. spot Bitcoin ETFs recorded net inflows for a third straight week, even as the latter part of the week saw significant losses. Late-week outflows totalled approximately $465 million, dampening what had otherwise been a positive stretch for the funds. BlackRock's IBIT product was at the centre of the activity, accounting for nearly $415 million of those outflows. Despite the late-week reversal, the overall weekly balance remained in positive territory across the ETF category.