U.S. Bitcoin exchange-traded funds (ETFs) have experienced a dramatic period of outflows, with nearly $1.2 billion pulled from these funds over just eight days up to September 6.

This represents the longest run of daily net outflows since their launch at the start of 2024, reflecting growing unease among investors as global markets face economic uncertainty.

The outflows from the 12 U.S. Bitcoin ETFs, including funds managed by well-known financial giants like Fidelity, Grayscale, and Bitwise, have spooked many in the bitcoin market.

The largest withdrawals included $211 million in just one day, with Fidelity’s Bitcoin ETF, FBTC, seeing $149.5 million of outflows in one…

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