US Spot Bitcoin ETFs Lose $65.4 Million as BlackRock Fund Sees Outflows
American spot Bitcoin exchange-traded funds reversed course after a single day of positive momentum, recording $65.4 million in net outflows during the latest session. The shift highlights renewed pressure on cryptocurrency investment vehicles following a brief period of net inflows.
The day's capital withdrawals came entirely from BlackRock (BLK) and its iShares Bitcoin Trust (IBIT), which logged $65.4 million in redemptions. All other spot Bitcoin funds ended the day with zero net movement. The latest pullbacks bring total net outflows for the month to $451.8 million, although year-to-date cumulative net inflows remain positive at $478.6 million.
Market participants will be watching whether institutional outflows continue to weigh on fund balances or if demand stabilizes. Meanwhile, Bitcoin traded higher, gaining 2.46% to reach approximately 83,880 USDT.
Key points
- US spot Bitcoin ETFs registered $65.4 million in net outflows, ending a brief one-day streak of net inflows.
- BlackRock's IBIT fund accounted for all $65.4 million in redemptions, while other ETFs saw no net activity.
- Cumulative net outflows for the month reached $451.8 million, while year-to-date net inflows stand at $478.6 million.
Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org
How we writeDisclaimerQuestions and answers
How much money left US spot Bitcoin ETFs in the latest session?
US spot Bitcoin ETFs recorded total net outflows of $65.4 million in the latest session, reversing the previous day's net inflows.
Which spot Bitcoin fund experienced the outflows?
The entire $65.4 million outflow came from BlackRock's IBIT fund, while all other US spot Bitcoin ETFs reported zero net flows.
What are the overall monthly and yearly fund flows for spot Bitcoin ETFs?
Spot Bitcoin ETFs have recorded $451.8 million in net outflows for the month, while cumulative year-to-date inflows stand at $478.6 million.