U.S. Bitcoin ETFs Continue Outflows, Losing $211 Million

On Thursday, U.S. spot Bitcoin ETFs saw significant withdrawals, totaling $211.15 million, marking a week-long trend of outflows.

Fidelity’s FBTC led with $149.49 million in withdrawals, followed by Bitwise’s BITB, which lost $30 million. Grayscale’s GBTC and mini trust also saw declines of $23.22 million and $8.45 million, respectively.

No funds saw gains, while others, including BlackRock’s IBIT, recorded no activity. Trading volumes across 12 ETFs dropped to $1.35 billion, continuing the downward trend.

In the Ethereum ETF space, movements were minimal with $152,720 in outflows. Grayscale’s ETHE lost $7.39 million, but its Ethereum Mini Trust gained $7.24 million.

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Other Ethereum ETFs showed no change, and trading volumes decreased to $108.59 million. Since launching, these Ethereum funds have experienced $562.31 million in outflows.

As markets await U.S. non-farm payroll data, experts suggest that a moderately weak report could ease concerns about economic growth and benefit both stocks and Bitcoin.

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.