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📉 #Bitcoin ETFs See $585M in Outflows – First Drop in 6 Weeks!
U.S. spot Bitcoin #ETFs recorded $585.65M in net outflows last week, marking a sharp reversal after a $5B inflow streak. The biggest losses came midweek, but Fidelity’s FBTC and BlackRock’s IBIT saw late inflows.
🔹 Top ETF Inflows:
✅ Fidelity FBTC: +$94.04M
✅ BlackRock IBIT: +$22.26M
✅ Bitwise BITB: +$7.99M
🔻 Biggest Outflows:
❌ Grayscale GBTC: -$46.95M (Total outflows: $22B)
❌ ARKB & VanEck’s HODL also posted losses
📊 Bitcoin Price Outlook:
$BTC is trading at $95,652, down 2.4% this week. A symmetrical triangle pattern suggests a possible breakout:
📈 Above $97K → Bullish rally
📉 Below $94.1K → Further drop
📢 Institutional interest is still growing! According to Bitwise, the number of institutional holders of #BitcoinETF s has surged 54.5x in the last 11 months. #BTC Price Analysis#
