Spot Bitcoin exchange-traded funds (ETFs) experienced their worst day on record this week since their debut last year as investors dumped more than $1 billion worth of investments within 24 hours.
The group of 11 SEC-approved Bitcoin ETFs experienced their largest-ever outflows on Tuesday, according to data compiled by crypto analytics firm CoinGlass. That far exceeds the previous record of $672 million in daily outflows set in December. Tuesday’s rout follows a six-day decline during which the assets lost more than $2 billion overall as investors fled amid concerns of economic uncertainty.
