Spot Bitcoin ETFs see $1.7 billion in outflows over four weeks
Spot Bitcoin ETFs experienced $1.72 billion in net outflows during the most recent week, extending a four-week redemption streak.
Topic cluster
11 sources grouped by AFBytes in Tech
AFBytes briefing
Large ETF flows can influence retail investor exposure to cryptocurrency and related volatility.
Key entities
What to watch next
Spot Bitcoin ETFs experienced $1.72 billion in net outflows during the most recent week, extending a four-week redemption streak.
U.S. spot Bitcoin ETFs experienced $519 million in net outflows on Tuesday. The redemptions coincided with Bitcoin falling overnight to around $66,000.
A single investor sold $1.26 billion worth of BlackRock iShares Bitcoin Trust shares. NYDIG stated the trade was not driven by basis arbitrage. The sale instead reflected an outright reduction in bit…
A $1.26 billion sale of BlackRock’s IBIT ETF was interpreted by NYDIG as a rapid exit by a single large holder rather than arbitrage activity.
Bitcoin ETFs recorded cumulative outflows topping $2.97 billion in recent weeks. Single-day withdrawals ranged up to $733 million according to tracking data.
Spot Bitcoin ETFs have seen nine straight days of net outflows amounting to roughly $2.8 billion. The streak marks the longest withdrawal period since the products launched in January 2024.
Bitcoin ETFs experienced their longest streak of net outflows since January 2024 listings, totaling $2.8 billion. The withdrawals coincide with bitcoin lagging behind gains in AI and semiconductor eq…
JPMorgan analysts described ongoing Bitcoin ETF outflows as a sign of cooling trading activity. The assessment points to reduced momentum in the recent crypto rally.
BlackRock's spot Bitcoin ETF recorded its second-largest single-day outflow. The fund launched in January 2024 and remains the largest U.S. Bitcoin ETF by assets.
Bitcoin spot ETFs experienced net redemptions exceeding $1.5 billion in a single week. Selling pressure pushed the underlying cryptocurrency below the $75,000 level. Market participants attributed th…
BlackRock’s IBIT ETF saw a $528 million net outflow on Wednesday. The figure marks the second-largest daily redemption since the fund launched and falls just short of the January record.