U.S. Bitcoin ETFs, including the ProShares Bitcoin ETF (BITO), recorded nine consecutive days of net outflows. Investors withdrew approximately $2.8 billion from the fund category during this period. This streak represents the longest period of sustained withdrawals since the products launched.
Bitcoin prices fell below $73,000 during the outflow period. A major $6.25 billion Bitcoin options expiry occurred on the same day. The selling pressure suggests investors are reallocating capital or taking profits.