Bitcoin ETFs clock $291M outflows as BTC blasts past $74K

US spot Bitcoin ETFs recorded $291 million in outflows on Monday as BTC climbed above $74,000, marking the biggest day of redemptions since March 27, led by FBTC.

US-listed spot Bitcoin exchange-traded funds (ETFs) clocked a day of outflows on Monday despite BTC surging above $74,000.

Spot Bitcoin (BTC) ETFs recorded $291 million outflows on Monday, the largest daily outflow since March 27, according to SoSoValue data.

The selling largely came from the Fidelity Wise Origin Bitcoin Fund (FBTC), which led the outflows at $229 million, according to Farside data.

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