Bitcoin ETF Outflows Reach Record Levels Amid Price Volatility

Bitcoin exchange-traded funds (ETFs) have experienced a record three-day outflow of over $742 million, with the Grayscale Bitcoin Trust leading the trend with $1.4 billion in outflows this week. The recent decline in Bitcoin's price has prompted retail investors to exit positions, while institutional investors and registered investment advisors remain cautious in their approach to allocating funds to Bitcoin-related products. Despite the outflows, the ETFs have seen net inflows of over $11.4 billion to date, making their debuts some of the most successful ever.