Bitcoin ETFs Face $494M in Outflows as Market Momentum Weakens
U.S. Bitcoin ETFs have experienced three straight days of investor withdrawals, totaling nearly half a billion dollars.
The most significant single-day outflow reached $251 million, with Fidelity’s Wise Origin Bitcoin Fund losing $102 million and BlackRock’s iShares Bitcoin Trust shedding $22.1 million, according to Farside data.
Trading volume has also declined, with total ETF activity dropping to $2.58 billion—far below recent highs. BlackRock’s IBIT, typically among the most active U.S. ETFs, slipped to tenth place in trading rankings.
Meanwhile, Goldman Sachs’ latest filings indicate sluggish demand, as investors hesitate to take long positions.
READ MORE:
Mastercard Leads in Tokenization and Digital Asset ExpansionBitcoin itself remains in a holding pattern, fluctuating between $90,000 and its all-time high of $109,000. With continued ETF outflows and weak buying pressure, traders are watching for signs of renewed momentum.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Earnings season takes back seat to interest rate, tariff concerns
Investors evaluating tariff risks has contributed to market volatility over recent weeks
BTC sinks after a quiet week. But now what?
“Crypto prices often rally into the spring before declining into summer,” Compass Point analysts wrote
Strategy announces $2 billion convertible note offering to fuel future bitcoin purchases
The former MicroStrategy announced a $2 billion convertible senior notes offering with 0% interest just hours after issuing a profitability warning due to a $1.79 billion impairment loss on its bitcoin holdings.
Libra Scam Unveils Vape Cartel: Insiders Like Hayden Dennis Raked In Billions!
Trending news
MoreCrypto prices
More
