Bitcoin (CRYPTO: BTC) has stabilized in Thursday morning trading, following another day of heavy spot ETF outflows on Wednesday.
What Happened: The apex crypto is trading around $86,500 at the time of writing, down 1.8% over the past 24 hours, but up from its slump below the $84,000 mark on Wednesday.
Spot ETFs saw another day of strong outflows, with BlackRock‘s iShares Bitcoin Trust (NASDAQ:IBIT) recording its largest single-day outflow, coinciding with President Trump’s threats of new tariffs on the European Union.
According to data from SoSoValue, IBIT saw record net outflows of $418.1 million on Wednesday, surpassing its previous record of $332.6 million set on Jan. 2. Total net outflows on Wednesday tallied …
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