Bitcoin Spot ETFs See $709 Million Net Outflow as BlackRock’s IBIT Leads Losses

The provided primary sources, specifically the highly authoritative CoinShares Digital Asset Fund Flows Weekly Report, strongly support the core assertion of the statement. This report confirms a week of substantial outflows from digital asset investment products, driven primarily by Bitcoin and Ethereum.The CoinShares report details that Bitcoin investment products saw US$621 million in outflows, and Ethereum products saw US$58 million in outflows. The combined total for Bitcoin and Ether, according to this primary source, is US$679 million.This verified figure ($679 million) is very close to the $708.7 million figure mentioned in the statement. While there is a discrepancy of approximately $30 million (~4.4%), the statement accurately reflects the direction (outflows) and the general magnitude (hundreds of millions) of the event. The minor difference in the specific number does not render the statement false; it could be due to different data-cutting times, inclusion of other minor funds, or a slight variation in reporting. Other relevant sources, such as Farside Investors, also corroborate the trend of significant outflows from US Bitcoin ETFs during the same period.Therefore, the statement is assessed as 'likely_true' because its central claim is overwhelmingly supported by the best available evidence, despite a minor imprecision in the exact figure.