Bitcoin ETFs Just Had Their Worst Day in Months — But One Fund Stood Apart

The winning streak for U.S. spot Bitcoin ETFs came to a sudden halt on Thursday, as investors withdrew over $358 million — the sharpest daily outflow since March.

After ten consecutive days of net inflows, momentum reversed sharply, putting an end to the bullish run that had brought in more than $4 billion.

Most funds saw red. Fidelity’s Bitcoin ETF suffered the heaviest blow, followed by significant withdrawals from Grayscale, Ark/21Shares, and Bitwise. Even smaller players like VanEck and Franklin Templeton weren’t spared.

Yet amid the sell-off, BlackRock’s IBIT continued to attract capital. It was the lone ETF in the group to post net inflows, adding $125 million while others bled. That alone underscores the growing investor preference for BlackRock’s product.

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Total ETF trading surged past $5.3 billion for the day, reflecting heightened market activity despite the outflows. The combined net inflows across all Bitcoin ETFs dropped slightly to just under $45 billion.

Bitcoin itself edged lower, dipping to around $106,200, while Ether slid more sharply to $2,639.

Interestingly, spot Ethereum ETFs moved in the opposite direction — extending their own winning streak to nine days with nearly $92 million in fresh capital coming in.

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.