U.S. Spot Bitcoin ETFs Post $1.79B Weekly Outflow as BlackRock’s IBIT Hits Seventh Straight Week of Redemptions

U.S. spot Bitcoin ETFs recorded $1.79 billion in weekly outflows, their second-largest since launch, with selling led by BlackRock’s IBIT. Bitcoin briefly dropped to $58,126 before recovering near $60,287, while Ethereum ETFs also saw $273.34 million in weekly outflows amid weaker crypto demand.
AI Analysis
The summary reports a very large weekly outflow from U.S. spot Bitcoin ETFs, led by IBIT, alongside a brief Bitcoin drop below $58,200 and additional Ethereum ETF outflows. These are direct, market-moving flow and price signals relevant to short-term trading.