US Spot Bitcoin ETFs See $729 Million Exit in Two Days as Bitcoin Slides Toward $80,000
AI Market Summary
US spot Bitcoin ETFs saw $729m of net outflows over two sessions, led by Fidelity's FBTC and smaller withdrawals from ARKB, BITB and BlackRock's IBIT. The redemptions coincide with Bitcoin weakening amid higher Treasury yields, firmer oil and elevated macro uncertainty, signaling reduced marginal institutional demand. While cumulative inflows since launch remain large, the near-term flow shock can tighten liquidity and weigh on risk appetite.
Impact level
● High
Affected assets
BTC/USDT+0.58%
AI Insight · BTC/USDTAI Insight
▼ Bearish
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US-listed spot Bitcoin ETFs logged $244.1 million in net outflows on Thursday, pushing total redemptions over the last two trading sessions to $729 million.
Fidelity's FBTC led Thursday's withdrawals with $197.1 million, followed by ARKB at $20.3 million and BITB at $17.7 million. BlackRock's IBIT saw $5.5 million in outflows, a sharp slowdown from Wednesday's $207.7 million exit.
The selling comes as Bitcoin falls toward $80,000, pressured by rising US Treasury yields, a jump in oil prices, and wider macro uncertainty. Even with the latest pullback, US spot Bitcoin ETFs have attracted about $57.2 billion in net inflows since their January 2024 debut.