US Spot Crypto ETFs See $147M Bitcoin Outflow, Gains in XRP and Solana
U.S. spot Bitcoin ETFs faced $818 million net outflows on Jan. 29, with BlackRock and Fidelity leading withdrawals, reflecting sustained investor caution amid volatile digital asset markets.
On January 29, U.S. spot Bitcoin ETFs saw $818 million in net outflows, according to SoSoValue, marking a continued trend of investor withdrawals. BlackRock’s iShares Bitcoin Trust (IBIT) recorded $318 million in outflows, while Fidelity’s Fidelity Wise Origin Bitcoin Fund (FBTC) saw $168 million withdrawn. Total Bitcoin ETF assets under management stood at $107.648 billion, representing a 6.4% market share and cumulative net inflows of $55.516 billion. These large single-day withdrawals followed consecutive days of outflows, underscoring ongoing volatility and cautious sentiment among institutional and retail investors.
- Spot Crypto ETF: An exchange-traded fund that directly holds cryptocurrencies, tracking their real-time market price instead of using futures contracts.
- Outflow: The withdrawal of funds from an investment product, often indicating reduced investor demand or profit-taking.