Spot bitcoin exchange-traded funds are facing renewed pressure as investor appetite weakens, with BlackRock's iShares Bitcoin Trust (IBIT) registering $300 million in outflows. Smaller competing funds absorbed a portion of the redemptions, suggesting some capital rotation rather than a wholesale exit from the asset class. The withdrawals coincide with broader market crosscurrents tied to the artificial intelligence trade, which triggered a sharp selloff in Korean equities a week earlier before reversing into a record quarterly rally in the same market. The shifting dynamics underscore how macro sentiment and risk appetite continue to influence flows into bitcoin investment vehicles. IBIT remains one of the largest spot bitcoin ETFs, making its daily flows a closely watched gauge of institutional demand. The latest figures point to softening conviction among investors even as equity markets elsewhere stage a strong recovery.
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