Bitcoin ETFs Experience $3.2 Billion in Outflows Over Eight Days
Bitcoin exchange-traded funds (ETFs) in the US experienced $3.2 billion in outflows over the last eight days, one of the longest losing streaks since their inception. This month, total outflows reached approximately $3.65 billion, with only four days of positive inflows.
Key Highlights
- Record outflow of $1.14 billion on Tuesday, including $418 million from BlackRock’s IBIT.
- Outflows slowed to $275.8 million on Thursday, still indicating weak investor sentiment.
- IBIT led losses with $189 million withdrawn; Bitwise’s BITB recorded $17.6 million in inflows.
- Total net inflows across all Bitcoin ETFs stand at $36.85 billion, the lowest since January.
- Spot Ethereum ETFs saw $71 million in outflows on Thursday, totaling $315 million over six days.
Market conditions are challenging, with Bitcoin down over 7% in the last 24 hours, trading below $80,000, and Ethereum down 9.9% around $2,100. Concerns about the US economy and recent tariff policies proposed by Donald Trump have contributed to bearish sentiment. However, Bitcoin ETF products reached a trading volume milestone of $750 billion.