JUST IN: Bitcoin spot ETFs saw $1.33B net outflows this week, the 2nd largest weekly outflow on record.

BlackRock’s IBIT led with $537M outflows, followed by Fidelity’s FBTC at $451M.

Despite this, ETFs still hold $115.9B AUM, about 6.5% of BTC’s total market cap.

Flows are volatile.

Structural demand remains.

BTCUSDT

Perp

87,918.4

-0.92%