Bitcoin ETFs swing back to net outflows as $636 million in withdrawals erase previous day’s inflows

On Thursday, BlackRock's IBIT led net outflows among Bitcoin exchange-traded funds with $254.1 million, while four other funds also saw withdrawals. Net outflows across the Bitcoin ETF group totaled $636 million, erasing the prior day's inflows. A Bitcoin ETF is an exchange-traded fund whose shares trade on exchanges and give investors exposure to Bitcoin, and net outflows mean withdrawals exceeded new deposits. IBIT is BlackRock's Bitcoin ETF.