Bitcoin ETFs Face Significant Outflows, Signaling Market Realignment

Recent data reveals a significant outflow from Bitcoin exchange-traded funds (ETFs), amounting to $358.6 million. This marks the largest exodus since mid-March and comes after a period of steady inflows. Notably, BlackRock’s flagship ETF, IBIT, managed to attract fresh capital, recording a modest $125 million inflow. Conversely, several major ETFs experienced substantial outflows, including Fidelity’s FBTC fund ($166.32 million), Grayscale’s GBTC product ($107.53 million), and ARKB ($89.22 million). Despite these withdrawals, the total ETF trading volume surged to $5.39 billion.