U.S. Spot Bitcoin ETFs Record $611.64 Million Net Outflow as Fidelity Leads Redemptions

U.S. spot Bitcoin exchange-traded funds (ETFs) recorded a substantial total net outflow of $611.64 million during the most recent trading session, according to data provided by SoSoValue. The downturn was primarily driven by Fidelity’s FBTC, which witnessed its largest single-day redemption to date, totaling $468.22 million. Despite this significant withdrawal, FBTC maintains a robust cumulative net inflow of $9.95 billion. BlackRock’s IBIT also reported a net outflow of $143.42 million, bringing its total cumulative inflows to $61.16 billion. As of the latest reporting period, the collective net assets held by spot Bitcoin ETFs stood at $77.37 billion, representing 6.06% of Bitcoin’s total market capitalization. Since their inception, these investment vehicles have secured a total of $51.98 billion in cumulative net inflows, reflecting sustained institutional interest despite short-term volatility.