Last week proved quite volatile in the Bitcoin (BTC) market as prices retested the psychological $100,000 price level following a sustained price correction that began in early October. Amid this price decline, the US Bitcoin Spot ETFs suffered a similar tumultuous fate, registering a net outflow of over $1 billion.

Bitcoin ETFs See $1.28B In Net Withdrawals As Price Struggles Persist

According to data from SoSovalue , capital outflows of 12 Bitcoin ETFs reached $558.4 million on Friday, taking total net outflows in the first week of November to $1.28 billion. This development indicates significant caution among institutional investors as Bitcoin strives to find price stability.

The largest outflows of the week came from BlackRock’s IBIT, which suffered net withdrawals of $580.98 mill

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