Headline: Institutional Appetite Cools — Investors Withdraw $171M from U.S. Spot Bitcoin ETFs in Biggest One-Day Outflow in Three Weeks Investors pulled $171.12 million from the 11 U.S.-listed spot bitcoin ETFs on Thursday, the largest single-day outflow in just over three weeks, according to SoSoValue. BlackRock’s IBIT led the sell-off with $41.92 million in redemptions, while other major vehicles — including FBTC, GBTC, BITB and ARKB — each recorded withdrawals in the $20 million to $30 million range. The outflow interrupts a recent stretch of heavy institutional buying: between late February and mid-month these spot funds accumulated more than $2 billion. Since that surge, momentum has cooled — last week saw only $95.8 million in inflows, and so far this week the group is showing net outflows of $70.71 million. Launched in January 2024, U.S. spot bitcoin ETFs have provided institutions and retail investors a regulated way to gain BTC exposure without holding the asset directly, helping funnel sizable capital into the market. This latest pullback suggests some investors are shifting to a more measured stance after the initial rush. Market participants will be watching ETF flows closely as a gauge of institutional demand and conviction. The slowdown raises fresh questions about whether bitcoin can sustain its resilience around the $70,000 level amid ongoing macroeconomic uncertainty and periodic shocks to risk appetite. Read more AI-generated news on: undefined/news