Bitcoin ETFs See $236M Net Outflow as IBIT Leads Withdrawals

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Bitcoin ETFs recorded a net outflow of $236 million, with BlackRock's IBIT fund being the primary driver of the withdrawals. The broader crypto market also turned negative, with Bitcoin falling below $77,500 alongside declines across major cryptocurrencies. Despite the bitcoin ETF outflows, smaller cryptocurrency ETFs continued to attract inflows during the same period. The divergence highlights shifting investor sentiment between bitcoin-focused products and alternative crypto funds.

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