American investors are dumping their Bitcoin (CRYPTO: BTC) exchange-traded funds (ETFs) as the coin continues to underperform the stock market amid the artificial inte

US spot Bitcoin ETFs have flipped back to $596 million in net outflows year to date as BlackRock IBIT posted near-record outflows of about $528 million in a single day.

The longest run of withdrawals since U.S. spot bitcoin ETFs listed in January 2024 comes as bitcoin underperforms high-flying AI and semiconductor stocks.