Bitcoin ETFs Experience Record Outflows Amid Volatile Market Period

US spot-Bitcoin exchange-traded funds experienced their largest three-day outflow since their launch in January, with a net $742 million leaving the ETFs from Monday through Wednesday. This reflects outflows from the Grayscale Bitcoin Trust and a moderation in subscriptions for rival offerings from companies like BlackRock Inc. and Fidelity Investments. Despite this, the funds have still garnered net inflows of $11.4 billion to date, making it one of the most successful debuts for an ETF category. The outflows coincided with Bitcoin's 5% jump on Wednesday in the US, following Federal Reserve signals pointing to interest-rate cuts, but the rally fizzled in Asia on Thursday.