U.S. spot Bitcoin exchange-traded funds (ETFs) recorded net outflows of over half a billion dollars on Monday, marking the fifth-largest pullback since their initial launch in January 2024.
Bitcoin ETFs See Over $500 Million Daily Outflows Amid Crypto Market Crash
Total net outflows for spot Bitcoin ETFs reached $516.4 million, with figures still pending for Ark Invest’s ARKB ETF. Outflows were led by:
- Fidelity’s FBTC: $247 million exit
- BlackRock’s IBIT: $158.6 million exit
- Grayscale’s GBTC: $59.5 million exit
This five-day streak of BTC ($89,033.89) ETF net outflows has now totaled $1.07 billion, making it the longest period of outflows since launch.
The largest daily outflow to date occurred on December 19, 2024, when $671.9 million exited the funds after Bitcoin corrected from its all-time high of $108,000.
Meanwhile, Ethereum ETFs also saw net outflows of $78 million on Monday, with BlackRock’s ETHA leading the decline. The three-day streak of Ethereum ETF outflows now totals $100 million.
Analysts: Market Needs Fresh Demand for Comeback
BRN analyst Valentin Fournier suggested that the first wave of crypto ETF investors may now be fully allocated.
“The outflow streak for crypto ETFs continues, marking the longest period of redemptions since their launch. Going forward, ETFs will need new demand or a broader market catalyst to revive inflows,” Fournier said.
Despite the recent outflows, total cumulative net inflows into Bitcoin ETFs still exceed $39 billion, with total assets under management (AUM) of $111 billion.
Trading volume for bitcoin ETFs rose slightly to $3.8 billion on Monday but remained well below the $9.5 billion peak on Jan. 23 and the all-time high of $9.9 billion on March 5.
*This is not investment advice.
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