Bitcoin ETFs See $742 Million Outflow After Rally, Reversing Earlier Inflows

• US spot-Bitcoin ETFs saw their biggest 3-day outflow of $742 million since launching in January • This reverses earlier inflows that helped drive Bitcoin to a record high • The outflows came mainly from the Grayscale Bitcoin Trust ETF • Bitcoin rallied 5% Wednesday after Fed signals pointed to possible rate cuts • Bitcoin is still about $6,300 away from its all-time high reached in mid-March amid ETF excitement