Bitcoin ETFs Bleed $430 Million as Tech Rout Tests Wall Street Buyers

Bitcoin Exchange-Traded Funds (ETFs) collectively saw significant outflows amounting to $430 million on Thursday. This capital movement was notably led by major institutional players such as Fidelity and BlackRock. The withdrawals coincided with a broader market phenomenon where a selloff in technology stocks reverberated across various risk assets, suggesting that the institutional appetite for Bitcoin via ETFs is currently being influenced by wider market volatility and Wall Street's performance challenges.