Bitcoin ETFs See Major Outflows as BlackRock Fund Stays Strong

Bitcoin ETFs saw significant outflows on Thursday, totaling $143.3 million, based on data from Farside Investors.

The only bright spot among the various funds was BlackRock’s iShares Bitcoin Trust ETF (IBIT), which attracted $45.75 million in inflows.

However, this inflow couldn’t offset the larger losses from other Bitcoin ETFs. Fidelity’s Fidelity Wise Origin Bitcoin Fund (FBTC) faced the largest withdrawals, with over $75 million leaving the fund.

Additionally, the ARK 21Shares Bitcoin ETF (ARKB) saw substantial outflows, losing more than $60 million.

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Bitcoin’s price stood at $82,511 after experiencing a 7% drop over the past week. The overall market mood is also being influenced by broader economic factors, as the S&P 500 entered technical correction territory amidst ongoing global trade issues.

The Nasdaq-100 index also dropped nearly 2% on Thursday, further weighing down Bitcoin’s performance.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.