US Spot Bitcoin ETFs Shed Nearly $3B; Average Entry Around $87,830

Over the last two weeks, US spot bitcoin ETFs saw nearly $3 billion in redemptions, according to Coinglass, as BTC fell from about $84,000 to $74,600 over the weekend into Monday. With combined ETF assets near $113 billion and holdings around 1.28 million BTC, the average cost basis is roughly $87,830, leaving many positions below water.