Key facts
- Bitcoin ETFs experienced an outflow of over $635 million on Thursday.
- This outflow represents a significant reversal after recent inflows.
Investors shifted sentiment on Thursday, leading to significant outflows from Bitcoin exchange-traded funds. After a period of strong inflows, the digital asset funds saw over $635 million leave on a single day. This reversal in investor behavior coincided with a notable surge in oil prices, which may have influenced broader market sentiment and asset allocation decisions.