Bitcoin Falls to One-Month Low as U.S.-Listed Spot Bitcoin ETFs Record More Than $1.25 Billion in Weekly Outflows

Bitcoin fell to its lowest level in a month after a weak week for regulated Bitcoin investment products. U.S.-listed spot Bitcoin ETFs had already recorded more than $2.26 billion in net outflows over a two-week period, and the latest market update reported more than $1.25 billion in weekly ETF outflows, while Bitcoin ETPs were described as seeing about $1.2 billion in weekly net outflows. The differing weekly figures likely refer to closely related but not necessarily identical product groupings. The broader roundup also noted record Ethereum Layer 1 transaction volume, a proposed U.S. Bitcoin reserve targeting 5% of Bitcoin’s total supply, Futu’s planned RMB 1.85 billion CSRC fine, and other project and security updates.

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