US Bitcoin ETFs see $277.4M net outflow, led by BlackRock

U.S. Bitcoin spot ETFs recorded a total net outflow of $277.37 million on Dec. 16, marking the second consecutive trading day of withdrawals, according to data compiled by Trader T. The outflows were led by BlackRock's IBIT, which saw $210 million exit the fund, and Bitwise's BITB, which had a net outflow of $50.93 million. Meanwhile, Fidelity's FBTC bucked the trend, attracting a net inflow of $26.72 million.