Overview
- U.S. spot Bitcoin exchange-traded funds recorded about $296 million in net withdrawals for the week, ending a four-week run of inflows.
- BlackRock’s iShares Bitcoin Trust posted the largest single-day redemption in the group with roughly $225.5 million pulled.
- Spot Ether funds also saw pressure with about $206.6 million in outflows, marking a second straight week of withdrawals.
- Investors reduced exposure to volatile assets as tensions in the Middle East intensified, oil prices pushed toward $100 a barrel, and hopes for near-term rate cuts faded.
- Despite the weekly pullback, cumulative net inflows into spot Bitcoin funds remain near $55.9 billion, and analysts said the flows can reflect quarter-end rebalancing rather than a lasting shift in demand.