Bitcoin ETFs see record investor flight as the cryptocurrency hits lowest levels since 2024

TL;DR

U.S. spot bitcoin ETFs have seen $6.4 billion in net outflows in the last 30 days, the largest since their 2024 launch.
Bitcoin has fallen below $60,000, its lowest level since October 2024.
Institutional investors are reducing risk exposure due to market uncertainty and higher rates.
Competition from AI, SpaceX IPOs, and prediction markets is drawing speculative capital.
The CLARITY Act, a potential crypto market catalyst, faces delays in Congress.
A bitcoin sell-off was initiated by a treasury firm selling a portion of its holdings.
Strategy's preferred stock has seen a record drop.
Despite the decline, bitcoin's volatility is lower than in past bear markets due to increased institutionalization and liquidity.

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