US spot Bitcoin ETFs log fourth week of outflows, cumulative total hits $4.34B

U.S. spot Bitcoin ETFs have recorded their fourth consecutive week of net outflows, The Block reported, citing data from SoSoValue. The cumulative outflow over the four-week period has reached $4.34 billion, with $1.22 billion exiting the funds last week alone. In addition, BlackRock's IBIT experienced $1.09 billion in net outflows last week, marking the second-largest weekly outflow in the fund's history.