US-listed spot Bitcoin (BTC) exchange-traded funds (ETFs) posted a net outflow of roughly $90.66 million on Wednesday, underscoring how quickly ETF flows can swing even as broader ‘institutional demand’ for regulated crypto exposure remains intact. Data cited by Odaily from SoSoValue shows the day’s redemptions were largely driven by BlackRock’s iShares Bitcoin Trust (IBIT), which recorded $96.66 million in net outflows—the largest among spot BTC ETFs for the session.
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