Bitcoin
US Spot Bitcoin ETFs Log $151 Million Weekly Outflows as BTC Falls Below $82,000
Outflows from US spot Bitcoin funds resumed after a hotter inflation report pushed cryptocurrency prices lower, while most altcoin funds also saw capital withdrawals.
US spot Bitcoin exchange-traded funds recorded roughly $262 million in net outflows on Wednesday, reversing an inflow of $176 million from the previous session, according to data from SoSoValue. This brought total net outflows for the week to $151 million through Wednesday, following $681 million withdrawn the prior week.
The withdrawals coincided with a decline in Bitcoin's price, which dropped below $82,000 following the release of the latest US inflation figures. At the time of publication, Bitcoin was changing hands at approximately $80,741, representing a 3.2% decline over 24 hours.
Other digital asset investment vehicles also experienced weekly losses through Wednesday. Ether funds lost roughly $130 million on Wednesday, bringing weekly outflows to $190 million. Solana products posted $1.3 million in withdrawals Wednesday for an eight-session streak, while Zcash funds remained net negative by $3.2 million for the week despite a $3.7 million daily gain. In contrast, XRP ETFs were the sole category to record positive weekly flows, adding around $740,000 on Wednesday.
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