Particle.news
Download on the App Store
3 ARTICLES
·
5d ago

U.S. Bitcoin ETFs Log $649 Million One-Day Outflow, Largest Since January

Analysts say institutions cut exposure in a short profit-taking pullback driven by rate worries.

Bitcoin etfs lose $648m as analysts warn of weak demand
Image

Overview

  • U.S. spot Bitcoin ETFs, which saw $648.6 million pulled Monday, posted the biggest daily withdrawal since Jan. 29, according to SoSoValue.
  • BlackRock’s IBIT led the exits with $448.3 million, while ARK/21Shares’ ARKB saw $109.6 million and Fidelity’s FBTC recorded $63.4 million.
  • The Monday withdrawals followed last week’s roughly $1 billion outflow that ended a six-week streak of steady inflows into the funds.
  • Bitcoin fell over the weekend to a low near $76,200 and hovered around $76,700 Tuesday, as investors reacted to U.S. inflation signals and tensions involving Iran.
  • Researchers said many managers used the ETFs for quick liquidity and parked cash in growing stablecoins like USDT and USDC, which could flow back if rate expectations ease or volatility cools.