Investors Pull Nearly $818 Million From Bitcoin ETFs as Cryptocurrency Tanks [Yahoo! Finance]
BlackRock, Inc. (BLK)
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Source: Yahoo! Finance
Data indicated that Bitcoin ETFs registered net daily outflows of $817.87 million on January 29. This pushed January into an overall negative zone. However, the cumulative net inflows since the inception of Bitcoin ETFs remained significant at $55.52 billion. The largest product by assets, BlackRock's iShares Bitcoin Trust (NYSE: BLK ), led the day's withdrawals with $317.81 million in net outflows. Other notable outflows were observed from Fidelity's FBTC (NYSE: FNF ), with $168.05 million, and Grayscale's GBTC (OTC: GBTC ), with a daily outflow of $119.44 million. The report also underscored that this hefty daily pullback followed a volatile period throughout January. The month concluded with net outflows estimated to be $1.1 billion, a trend that was also seen in December 2025. The sell-off coincided with a sharp downturn in the broader crypto market. Bitcoin slid as low as $81,200, breaking below the $84,000 support level that had held since mid-November. Analysts caution t
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