Bitcoin spot ETFs post $425 million net outflow as IBIT and FBTC lead withdrawals
U.S. spot Bitcoin ETFs shed $424.7 million on the day, while spot Ethereum ETFs posted a smaller $15.4 million net outflow driven entirely by FETH.
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Fact Check
The claim is corroborated by the primary aggregator Farside Investors. The Farside Bitcoin ETF Flow post reports TOTAL NET FLOW -424.7M with IBIT (-185.5M) and FBTC (-245.6M) leading withdrawals, exactly matching the claimed $424.7 million led by IBIT and FBTC. The Farside Ethereum ETF Flow post reports TOTAL NET FLOW -15.4M with FETH -15.4M and every other Ethereum fund at zero, matching the claim that the $15.4M Ethereum outflow was driven entirely by FETH. BlockBeats and Bloomingbit independently reproduce the same figures.
Summary
U.S. spot Bitcoin ETFs recorded $424.7 million in net outflows yesterday, one of the largest single-day withdrawals in recent trading. The biggest redemptions came from BlackRock’s $IBIT, which saw $185.5 million leave the fund, and Fidelity’s $FBTC, which posted $245.6 million in outflows. Spot Ethereum ETFs also registered net outflows, losing $15.4 million, with the entire withdrawal attributed to $FETH. ETF flow data is closely watched by traders as a gauge of investor demand for crypto exposure through regulated fund products.
Terms & Concepts
- spot Bitcoin ETFs: Exchange-traded funds that hold Bitcoin directly rather than using derivatives.
- net outflows: A measure showing more money left a fund than entered over a given period.
- spot Ethereum ETFs: Exchange-traded funds designed to track Ethereum by holding the asset directly.