Spot Bitcoin ETFs Shed $484.9M in a Day, Worst Outflow Since June

This outflow is notable less for its size than for its timing: it lands as the macro backdrop that has supported risk assets all year — cheap energy, falling yields, a Fed near the end of its hiking cycle — is reversing on all three fronts at once. Spot Bitcoin ETFs have become the cleanest read on how crypto-native and traditional allocators behave under that kind of pressure, and the June comparison suggests this is a sentiment shift rather than a single-day blip. Whether the outflows stay contained or accelerate alongside oil and yields is the open question.