Bitcoin ETFs Experience $209 Million Outflow as Volatility Continues
The second week of January 2025 has seen substantial outflows from Bitcoin spot exchange-traded funds (ETFs), totaling $209 million on Tuesday alone. This marks the fourth consecutive day of net outflows.
- BlackRock's iShares Bitcoin Trust (IBIT) was a major contributor to these outflows, indicating a shift in investor sentiment.
- IBIT, launched 12 months ago, had over $50 billion in Assets Under Management (AUM), outperforming other Bitcoin ETFs.
- On January 3, IBIT faced its largest single-day outflow of $330 million, coinciding with Grayscale’s GBTC, which saw $23 million in withdrawals.
- Monday's combined net outflows for all Bitcoin ETFs reached $284.19 million, with Fidelity’s FBTC leading at over $113.64 million withdrawn.
- ARK 21Shares’ ARKB followed with outflows of $92.36 million, while GBTC and Bitwise’s BITB recorded withdrawals of $89.01 million and $18.64 million, respectively.
- By Tuesday, IBIT accounted for $219.48 million in outflows.
However, some ETFs reported inflows on Tuesday:
- ARK 21Shares’ ARKB saw inflows of $2.89 million.
- VanEck Bitcoin ETF (HODL) attracted $5.46 million.
- WisdomTree Bitcoin Trust (BTCW) gained $10.24 million.
These three funds were the only ones to receive investments from institutional investors on January 14, providing a contrast to the overall bearish trend.