U.S. Bitcoin ETFs Experience $494 Million in Outflows Over Three Days

U.S. spot-listed bitcoin (BTC) exchange-traded funds (ETFs) experienced outflows of $494 million over three days. Key points include:

Wednesday had the largest outflow at $251 million.
BlackRock's iShares Trust (IBIT) saw an outflow of $22.1 million.
Fidelity Wise Origin Bitcoin Fund (FBTC) registered the biggest outflow of $102 million.
Total ETF trading volume on Wednesday was $2.58 billion, with IBIT underperforming at less than $2 billion.
IBIT is typically among the top 5 most traded U.S. ETFs during bitcoin rallies.
The recent Goldman Sachs filing indicates weak demand for new long positions in these ETFs.
Bitcoin is currently priced at $96,000, within a range of $90,000 to its all-time high of $109,000 since mid-November.