Bitcoin ETFs Shed $410M Amid BTC's Ongoing Slump

In brief

• U.S. spot Bitcoin ETFs saw outflows of $410 million Thursday, with six of the past 10 days seeing negative flows
• Outflows were led by BlackRock’s IBIT, which shed $157.6 million.
• Capital is rotating into CME derivatives rather than exiting crypto entirely, analysts noted, while warning of “head-fake rallies” through mid-2026 until credit markets reprice risk.