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4h ago

Bitcoin Rebounds as UK Spot ETFs Debut After $1.23 Billion U.S. Outflows

Exchange balances sit at a six-year low, signaling thinner sell-side supply.

Bitcoin news: spot bitcoin etfs see $1.23b weekly outflows, supply falls to 6 year low

Overview

  • Bitcoin traded near $111,000, up about 3% in 24 hours, after London-listed spot funds from BlackRock, Bitwise, 21Shares and WisdomTree began trading.
  • U.S. spot bitcoin ETFs recorded $1.23 billion in net outflows last week, including $366.6 million on Friday, led by redemptions from BlackRock, Fidelity and Grayscale.
  • Glassnode data indicate more than 45,000 BTC have been withdrawn from exchanges since early October, taking on-exchange supply to a six-year low.
  • Coverage links more than $19 billion in crypto liquidations last weekend to President Donald Trump’s surprise tariff and export-control announcement that hit a thin market.
  • Some funds reported only minor or flat flows, and commentators say reduced exchange supply and ongoing institutional activity could help steady conditions.