US-listed Bitcoin ETFs saw outflows of $470 million as Bitcoin briefly dropped to $108,000. Fidelity’s FBTC led with $164 million, followed by ARK Invest’s ARKB at $143 million, and BlackRock’s IBIT with $88 million. Grayscale’s GBTC lost $65 million, while Bitwise’s BITB only saw a $6 million drop. Total outflows followed days of gains.

Cumulative net inflows for Bitcoin ETFs dropped to $61 billion, with total assets under management declining to $149 billion. This represents 6.75% of Bitcoin’s market cap. Flows into ETFs have been linked to Bitcoin’s price, with over 1.5 million Bitcoins worth $169 billion held in ETFs. BlackRock’s IBIT leads in holdings. Michael Saylor remains bullish on Bitcoin, predicting $150,000 by 2025.

Read more at Cointelegraph: Bitcoin ETFs See Major Outflows as BTC Price Dips to $108,000