U.S. investors withdrew $635.6 million from spot bitcoin exchange-traded funds on Thursday, according to Farside Investors data. The outflows put downward pressure on bitcoin, which fell below $81,000 before rebounding. BlackRock’s iShares Bitcoin Trust recorded the largest withdrawals, with more than $254 million leaving the fund, while Fidelity’s Wise Origin Bitcoin Fund lost nearly $218 million. The rise in oil prices following an attack on Saudi Arabia intensified concerns about Middle East tensions and disruptions to energy supplies. Despite the day of selling, the funds received more than $439 million in net investments this week.
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