Bitcoin ETFs shed $450M in biggest outflow since June
US-listed spot Bitcoin ETFs experienced net outflows of $450.4 million on Tuesday, marking their largest single-day withdrawal since June 24. The drop coincided with a 2.5% fall in Bitcoin's price and a stalled crypto bill in the Senate, with Fidelity and BlackRock funds accounting for the largest redemptions.
Why It Matters
The size of the outflow underscores how regulatory setbacks and short-term price declines can trigger rapid investor reactions across major ETF products. These moves may influence market liquidity and investor confidence in the nascent US spot Bitcoin ETF sector.
Key Facts
- net outflow (Tuesday): $450.4 million
- funds affected: 13 US-listed spot Bitcoin ETFs
- net inflow (Monday): $159.9 million
- largest prior outflow since: June 24 (lost $469 million)
- Fidelity FBTC outflow: $214.8 million
US-listed spot Bitcoin exchange-traded funds recorded a substantial reversal on Tuesday, with the group seeing a combined $450.4 million in net outflows, according to Farside data. The pullback followed a modest inflow of $159.9 million the day before and represents the biggest single-day withdrawal since late June.
The heaviest outflows were concentrated in the largest products. Fidelity’s FBTC led redemptions with $214.8 million removed, while BlackRock’s iShares Bitcoin Trust saw $161.7 million leave. Smaller but notable withdrawals hit Grayscale’s GBTC ($44.1 million), ARK 21Shares’ ARKB ($17.4 million) and Bitwise’s BITB ($12.4 million).
Market conditions accompanied the ETF outflows: Bitcoin’s price fell about 2.5% over 24 hours to roughly $75,700, per CoinMarketCap. The timing also coincided with a setback on Capitol Hill, where a major crypto bill failed to advance in the Senate, a development that market participants linked to increased selling pressure.
The episode is the latest example of how regulatory news and short-term price moves can sway flows into and out of newly launched spot Bitcoin ETFs, affecting both individual products and broader market liquidity.
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Original source: Cointelegraph