$180 Million Withdrawn from U.S. Bitcoin ETFs in Last 30 Days

In the past 30 days, U.S. spot bitcoin ETFs have experienced a net outflow of $180 million, one of the highest since their inception in 2024.

Key points include:

• ETFs have seen sluggish inflows in 2025 due to bitcoin's price decline of approximately 10%.
• A brief uptick brought in around $700 million in net inflows recently, totaling $36.1 billion since launch.
• Recent withdrawals are attributed to heightened bitcoin volatility and the unwinding of basis trades.
• Bitcoin peaked at $109,000 in January but dropped to $76,000 in March amid regulatory concerns.
• Retail investors typically sell during volatile periods, while institutions unwind basis trades that involve shorting CME bitcoin futures.
• Current arbitrage yields are about 2%, prompting some investors to prefer higher-yielding U.S. Treasuries.
• ETF inflow and outflow patterns may signal potential market turning points, often coinciding with local price bottoms for bitcoin.