U.S. spot #Bitcoin ETFs saw outflows of US$244 million on Thursday, bringing two-day outflows to US$731 million. Much of this movement was driven by significant outflows from key funds in the sector, such as Fidelity’s FBTC, while the vast majority of issuers saw redemptions or flat flows, with very few exceptions recording marginal inflows.

This cooling in demand for BTC #ETF coincides with periods of increased volatility and declines in Bitcoin’s price, leading many institutional investors to reduce their exposure or secure short-term liquidity.