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The U.S. spot Bitcoin ETFs have experienced significant outflows, with BlackRock's Bitcoin ETF, IBIT, registering its first day of zero inflows after a streak of 71 days. The total net flow on April 24 was -$120.6 million, with GBTC seeing a large outflow of $130.4 million. The sector faced a total net outflow of $217.6 million on April 25, triggering concerns among investors.
Investors pulled $218 million out of Bitcoin ETFs yesterday in the wake of weak U.S. economic news. https://t.co/kF7k9cwlUq
BlackRock reported zero inflows into its spot Bitcoin ETF, IBIT, this week. https://t.co/b8Uzps0Qpi
Bitcoin ETFs Bleed Badly as Skittish Investors Cash Out $218 Million ► https://t.co/UFa1XdDANE https://t.co/UFa1XdDANE