Crypto Morning Daily
Crypto ETFs broadly traded lower alongside spot prices. Spot Bitcoin ETFs declined approximately 1.2%-1.5% on the day, with iShares Bitcoin Trust (IBIT) down 1.26%, Fidelity Wise Origin Bitcoin Fund (FBTC) lower by 1.27%, Grayscale Bitcoin Trust (GBTC) declining 1.34%, and Bitwise Bitcoin ETF Trust (BITB) falling 1.33%. Fund flow data reflected continued institutional caution, with notable daily outflows from several major spot Bitcoin products including IBIT, FBTC, and GBTC.
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