Investors pulled more than $700 million from US-listed Bitcoin exchange-traded funds on Wednesday, the largest single-day outflow in nearly two months, as easing geopolitical concerns buoyed traditional risk assets but failed to lift the world’s biggest cryptocurrency.
About $709 million was withdrawn from the group of spot Bitcoin ETFs, marking the biggest outflow since Nov. 20, according to data compiled by Bloomberg. The retreat came even as broader market sentiment improved after US President Donald Trump ruled out the use of military force and said he would refrain from imposing tariffs on Europe, citing progress toward a “framework” deal over Greenland.