Bitcoin ETFs Lose $2.9B as BTC Tests $76K
The post Bitcoin ETFs Lose $2.9B as BTC Tests $76K appeared on BitcoinEthereumNews.com. Bitcoin ETFs post $2.9B in 10-day outflows as USDT market cap drops $1.2B before BTC approaches the $76.3K resistance test. Bitcoin exchange-traded funds recorded heavy redemptions through May 29, as spot Bitcoin ETF flows turned negative for 2025. The reported $2.9 billion exit came during ten straight days of outflows. Market attention also moved to Tether, after USDT market value fell by $1.2 billion in 24 hours. Traders are now watching whether Bitcoin can retest the $76,300 area, or face renewed selling pressure. Bitcoin ETFs See Ten Days of Outflows Spot Bitcoin ETFs lost $2.9 billion across ten straight trading days through May 29. The largest daily exit came on May 27, when redemptions reached $733 million. The selling was led by BlackRock’s IBIT, according to the market data shared. IBIT had earlier been one of the strongest drivers of Bitcoin ETF demand. Bitcoin ETFs shed $2.9 billion over