Bitcoin exchange-traded funds lost $1.2 billion in assets last week, the third-highest drop in 22 months. November saw $3.79 billion in outflows, matching February’s all-time high. Bitcoin’s price slump led to $81,000 on Friday, down 33% from its October peak, attributed to economic uncertainty and AI market concerns.
BlackRock’s IBIT suffered the most outflows this week, losing over $1 billion. FBTC attracted $108 million on Friday, the highest in the category. Solana, XRP, and Dogecoin ETFs have recently launched, with XRP ETF generating $58 million in daily net investments, the highest for 2025 ETF debuts.
BSOL has amassed $660 million in assets without any outflows in three weeks, reflecting strong investor interest in digital assets. The U.S. SEC is reviewing numerous applications for funds tracking altcoins and crypto strategies. Bloomberg’s Eric Balchunas highlighted Bitcoin’s historical resilience in a Friday post.
Read more at Yahoo Finance: Bitcoin ETFs Just Had One of Their Worst Weeks on Record, Bleeding $1.2 Billion
