Blackrock, Fidelity Lead $635M Bitcoin ETF Loss—Biggest Outflow Since June

U.S. bitcoin ETFs suffered $635.49 million in net outflows on Thursday, abruptly interrupting a three-session run that had attracted more than $1 billion. A day after bitcoin ETF buying broadened across eight funds, investors pulled $635.49 million from the category. It was the largest daily outflow since June 25 and erased almost 60% of the $1.08 billion accumulated during the previous three sessions. Blackrock’s IBIT lost $254.05 million, while Fidelity’s FBTC shed $217.46 million. Those two funds accounted for roughly 74% of Thursday’s withdrawals.