Bitcoin ETFs See $870 Million in Outflows on Second-Largest Withdrawal Day

U.S. spot bitcoin exchange-traded funds recorded nearly $870 million in net outflows on Thursday, marking the second-largest single-day exit since launch. Grayscale's Bitcoin Mini Trust led redemptions with over $318 million withdrawn, followed by BlackRock's IBIT at approximately $256 million and Fidelity's FBTC at roughly $120 million. Analysts attributed the withdrawals to broad risk-off sentiment amid declining crypto valuations and macroeconomic uncertainty.