Weekly bitcoin ETF outflows reach $1.2 billion following largest daily outflow since August

U.S. spot Bitcoin ETFs experienced $1.22 billion in net outflows last week, marking the third-largest weekly withdrawal since their introduction. On Friday alone, over $555 million was redeemed, the highest single-day outflow since August. Fidelity's FBTC led with $256.6 million in outflows, followed by BlackRock's IBIT and ARK 21Shares' ARKB. Despite this, Bitcoin's price began recovering over the weekend, supported by positive macroeconomic developments, including a bipartisan U.S. Senate bill and a tariff dividend announcement. Technical indicators like MACD and RSI suggest potential for further price recovery.