IBIT is trading lower as spot Bitcoin ETFs post their worst monthly flows since launch, with total redemptions exceeding $4.06 billion.
- Bitcoin is hovering just above the $60,000 support zone after a -5.84% weekly decline.
- Continued selling from institutional ETF holders is pressuring prices despite broader equity markets trading slightly higher.
- Investors are reacting to cooling corporate demand and tight liquidity, leading to defensive positioning in IBIT exposure.