Bitcoin Spot ETFs See $708 Million Net Outflow on January 21

Bitcoin Spot ETFs See $708 Million Net Outflow on January 21

U.S. Bitcoin ETFs experienced their largest outflow in two months, totaling $708 million, while Ethereum ETFs lost $286.9 million, as institutions reduced exposure amid growing macroeconomic uncertainty.

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Fact Check
The assessment is primarily based on the single most authoritative and relevant source provided, the Bitcoin ETF Flow data from Farside Investors. This source is described as a primary data table from a widely recognized authority on the subject, with a high relevance score of 0.90, and its summary indicates it contains the specific data needed to verify the claim for January 20. All other sources are either irrelevant, as they discuss different cryptocurrencies (Solana), different dates, or are general market commentaries without specific data for the day in question. Crucially, there is no conflicting evidence among the provided sources. No source contradicts the claim of a significant outflow on or around January 20. The high authority and direct relevance of the Farside Investors data, combined with the lack of any contradictory information, makes the statement highly credible and likely to be true.
Summary

On January 21, 2025, U.S. Bitcoin spot ETFs recorded a net outflow of $708.7 million, led by a $357 million withdrawal from BlackRock’s IBIT, marking the largest daily outflow in nearly two months. Ethereum ETFs also saw $286.9 million in outflows. Analysts linked these moves to institutional de-risking amid macroeconomic uncertainty, not structural weakness in the market.

Terms & Concepts
  • Bitcoin spot ETF: An exchange-traded fund that holds Bitcoin directly, providing investors with exposure to Bitcoin’s price without owning the cryptocurrency itself.
  • Net outflow: The total amount withdrawn from an investment vehicle exceeding the amount deposited, often reflecting investor sentiment or market conditions.
  • Institutional de-risking: A strategy where large financial entities reduce exposure to volatile assets to minimize potential losses during periods of market uncertainty.