Spot Bitcoin ETFs record $1.28 billion weekly outflows, led by BlackRock
US spot Bitcoin exchange‑traded funds saw net withdrawals of $1.28 billion last week, the largest weekly outflow since late June. BlackRock's iShares Bitcoin Trust (IBIT) was responsible for the bulk of the exits, accounting for roughly $1.21 billion or about 95 % of the total. Year‑to‑date, the ETFs have accumulated net outflows of around $914‑$919 million. Analysts link the outflows to heightened policy uncertainty, a weak tech sector and the prospect of further Bitcoin price declines.
Why it matters
Bitfire Research warns that if Bitcoin remains below the $74,400‑$75,000 support zone, additional outflows could follow, pressuring the cryptocurrency’s price. The scale of the withdrawals also signals reduced investor appetite for risk assets amid rising rate‑expectation concerns.
Key facts
- 1Spot Bitcoin ETFs posted net outflows of $1.28 billion last week. finance.yahoo.com
- 2BlackRock's iShares Bitcoin Trust (IBIT) accounted for about $1.21 billion of the weekly withdrawals. finance.yahoo.com
- 3IBIT represented roughly 95 % of the total outflows in the week. digitaltoday.co.kr
- 4Cumulative net outflows for spot Bitcoin ETFs this year were about $914 million. finance.yahoo.com
- 5Cumulative net outflows for spot Bitcoin ETFs this year were about $919 million. digitaltoday.co.kr
- 6Outflows over six consecutive sessions since Oct. 30 totalled approximately $1.44 billion. digitaltoday.co.kr
Open questions
- Year‑to‑date net outflow figure differs: $914 million vs $919 million.
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.