U.S. spot Bitcoin ETFs posted net outflows for a second straight day, reversing a seven-day inflow streak. The funds shed $465 million over two days, erasing nearly half of the roughly $1 billion they had accumulated during that period. BlackRock’s IBIT accounted for approximately $415 million of these outflows. Analysts attributed the reversal to weakening macro conditions, including U.S.-Iran tensions, oil rising above $100, and a potential Fed rate hike. Bitcoin is currently trading around $65,300.
Source: Read the original article
