U.S. spot Bitcoin ETFs experienced net outflows for the second consecutive day, with a net outflow of $544.94 million on Wednesday, bringing the two-day total net outflow to $816.96 million. BlackRock's IBIT led the decline, with a net outflow of $373.44 million, followed by Fidelity's FBTC and Grayscale's GBTC. The selling pressure coincided with Bitcoin's price dropping below $71,000. Capital outflows also extended to Ethereum ETFs, with a net outflow of $79.48 million, while the spot XRP ETF saw a slight net inflow of $4.83 million.

BTC-0,21%
ETH-0,49%
XRP0,14%
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