Bitcoin Spot ETF Outflow Hits $1.2 Billion Again as Sentiment Remains Negative

Despite recent efforts by some smaller ETFs to attract capital, Bitcoin spot exchange-traded funds (ETFs) experienced another week of outflows, totaling $1.22 billion, according to data from SoSoValue. This marks the fourth consecutive week of redemptions as investors continue to pull money out of the market. Analysts attribute this trend to prevailing risk aversion in digital asset markets and increasing uncertainties surrounding the economic outlook, particularly as Bitcoin struggles to regain its previous peak of $90,000. BlackRock’s iShares Bitcoin Trust (IBIT) saw the largest outflow, shedding over $1.09 billion in the week. Notably, this was followed by Grayscale’s GBTC, which experienced a weekly outflow of $172 million. 24/7 news and analysis: Grayscale and BlackRock continue to dominate the market for Bitcoin ETFs as investors shift towards lower-fee or newly issued funds that offer greater transparency and access to trading.