Bitcoin investors exit spot ETFs at near-record levels as BTC slumps 2.3%
Bitcoin holders have been offloading their spot Bitcoin ETF shares as the asset dipped to $92,500 and remains below $95,000.
Bitcoin investors pulled nearly $570 million from United States-listed spot Bitcoin exchange-traded funds (ETFs) as the asset fell below the psychological $100,000 price level on Jan. 8 — leading to a surge in liquidations.
On Jan. 8, spot Bitcoin (BTC) ETFs clocked $569.08 million in outflows, the second highest daily net outflow since launch, and just $100 million shy of outflows on Dec. 19, which came in at $671.9 million, per Farside data.
The Fidelity Wise Origin Bitcoin Fund (FBTC) accounted for roughly 45% of the day’s net outflow at $258.7 million, its highest-ever single-day outflow.
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Author: Ciaran Lyons
