Bitcoin ETFs see $358 mln exit – First outflow after 10-day inflow streak ends
The post Bitcoin ETFs see $358 mln exit – First outflow after 10-day inflow streak ends appeared on BitcoinEthereumNews.com.
Bitcoin ETFs saw $346.8M outflows after a 10-day $4.26B inflow streak. BlackRock’s IBIT defied the trend, extending its 34-day inflow streak with $125 million. After a strong 10-day run of consistent inflows totaling over $4.26 billion, U.S. spot Bitcoin [BTC] ETFs faced a sharp reversal with $346.8 million in net outflows as per Farside Investors. This marks the largest daily withdrawal since 11th March, highlighting renewed investor caution. Bitcoin ETF inflows streak breaks On a day marked by significant outflows from U.S. spot Bitcoin ETFs, Fidelity’s Wise Origin Bitcoin Fund (FBTC) led the exit with $166 million pulled out. This was followed closely by Grayscale’s GBTC, which saw $107.5 million in net redemptions. Several other funds, including those from Bitwise, Ark 21Shares, Invesco, Franklin Templeton, and VanEck, also experienced capital flight. Interestingly, BlackRock’s iShares Bitcoin Trust (IBIT) went against the wider market movement by drawing in $125 million in net inflows. This extended its impressive 34-day streak of daily inflows, with its total inflow nearing $49 billion and assets under management now topping $70 billion. What about Ethereum ETF? In contrast to the recent downturn in Bitcoin ETF flows, spot Ethereum [ETH] ETFs continued to attract investor interest, recording $92 million in net inflows on the 29th of May alone. BlackRock’s iShares Ethereum Trust (ETHA) recorded more than $50 million in fresh inflows, raising its total to $4.5 billion since launching in July 2024. Seeing this, ETF Store President Nate Geraci had mentioned that this activity coincides with a broader trend, as over the past five weeks, Bitcoin ETFs have attracted more than $9 billion, while gold ETFs have seen nearly $3 billion in outflows. CryptoQuant founder believes… With Bitcoin’s price slipping from $111K to around $105,615, the recent market correction may be fueling the shift in ETF momentum. The…
Filed under: News - @ May 31, 2025 7:24 am