Bitcoin ETFs See $358M in Daily Outflows, Snapping 10-Day Inflow Streak

U.S. spot Bitcoin ETFs experienced a sharp reversal on Thursday, shedding $358.6 million in net outflows and halting a 10-day run of steady investor inflows. The dip marked the largest single-day exit since March 11 and came after a cumulative $4.26 billion had poured into the funds over the prior ten sessions.

Among the dozen U.S.-listed Bitcoin ETFs, BlackRock’s iShares Bitcoin Trust (IBIT) stood out as the only product to attract net inflows, bringing in $125 million. Fidelity’s Wise Origin Bitcoin Fund (FBTC) led the retreat, recording $166.32 million in outflows. Grayscale’s GBTC followed with $107.53 million in redemptions. ARK 21Shares’ ARKB and Bitwise’s BITB were not far behind, logging outflows of $89.22 million and $70.85 million, respectively.

Other fund providers, including VanEck, Valkyrie, Invesco, and Franklin Templeton, also saw investor pullback during the session.

Thursday’s selloff came on the heels of a strong inflow streak largely driven by BlackRock’s IBIT. Total net inflows across the 12 spot Bitcoin ETFs peaked at $45.34 billion on Wednesday before slipping slightly to $44.99 billion. Daily trading volume surged to $5.39 billion—up significantly from $3.5 billion the day before—underscoring continued investor interest, despite the shift in flow direction.

Bitcoin’s price reflected the broader market sentiment, slipping 1.38% in the last 24 hours to trade at $106,204. Ethereum also fell, down 3.3% to $2,639.

In contrast, U.S.-listed spot Ethereum ETFs continued to gain traction. The products saw $91.93 million in net inflows on Thursday, marking their ninth consecutive day of positive investment activity.

While Thursday's outflows may raise eyebrows, market watchers say such volatility is not unusual in the crypto ETF space, especially amid shifting investor sentiment and market price moves.

The pause in Bitcoin ETF inflows signals a potential cooling in short-term sentiment, but rising trading volumes and continued Ethereum ETF interest suggest the market remains actively engaged. Whether this marks a brief pullback or a longer shift will depend on broader market trends and investor confidence.