| Mobile Web

Bitcoin ETFs see sixth straight session of outflows; 95 percent of net withdrawals from BlackRock

Spot bitcoin exchange-traded funds saw net outflows of $1.28 billion last week, the biggest weekly withdrawal since late June. The outflows were concentrated in BlackRock’s iShares Bitcoin Trust, which logged net withdrawals for six straight sessions and about $1.44 billion in cumulative outflows since Oct. 30. Fidelity’s Wise Origin Bitcoin Fund posted weekly net inflows, although it saw a large one-day outflow.