Bitcoin ETF Flows Plummet as Institutional Demand Fades

The Bitcoin ETF market continues to experience a decline in institutional demand, with the spot Bitcoin ETF complex seeing net outflows of $1.34 billion over four sessions. The BlackRock iShares Bitcoin Trust (IBIT) has been leading the way, with a daily outflow of $61.45 million on Wednesday alone.

The Ethereum ETF complex is also experiencing significant outflows, with eight consecutive days of losses totaling $28.14 million. This trend suggests that institutional investors are increasingly cautious in their crypto allocations.

Friday's PCE inflation print will be a crucial catalyst in determining the next 30-day trajectory for BTC-USD. A hot PCE print could trigger continued ETF outflows and a test of $74,000 for BTC, while a soft print could spark a relief rally that resolves the ETF flow regime back to positive.