Citigroup: Every $1 billion in ETF outflows will cause Bitcoin to fall by approximately 3.4%.

According to Bloomberg, U.S.-listed Bitcoin ETFs saw outflows of $3.5 billion this month, approaching the previous monthly record of $3.6 billion set in February 2024. BlackRock's IBIT fund saw redemptions of $2.2 billion, accounting for 60% of the total, potentially marking its worst monthly performance since its inception.