Spot Bitcoin ETFs record 4th day of outflows: US$40 million
- Spot Bitcoin ETFs See Net Outflows
- BlackRock IBIT accounts for the largest redemptions of the day
- Spot Ethereum ETFs also have negative flows
Spot Bitcoin ETFs listed in the United States closed Monday with net outflows of $40,5 million, extending their losing streak to four trading sessions. This move occurred despite an intraday recovery in Bitcoin's price, which briefly surpassed $111.000 before retreating.
Among the vehicles, BlackRock's IBIT was the only one to register significant outflows on the day , with redemptions of US$100,7 million, according to consolidated market data. Part of this effect was cushioned by inflows into funds managed by Fidelity, Grayscale, Bitwise, VanEck, and Invesco, which reported positive net inflows overall.
Monday's withdrawals follow a stressful weekend for flows, following outflows of $366,6 million on Friday and $536,4 million on Thursday. The sequence reinforces the idea that, in the very short term, investors reduced exposure via listed products, although activity in the spot market and derivatives offset some of the pressure.
In the same period, Bitcoin fell about 3% in the last 24 hours, trading at around $107.871 at 03:10 a.m. ET on Tuesday, according to widely monitored market quotes. The divergence between price and ETF flows has sparked debate about how to interpret the signals coming from these vehicles.
“Prices were rising even amid ETF outflows, when spot and derivatives demand offset institutional redemptions, especially during risk shifts or when ETF flows lagged behind underlying market appetite,” said Vincent Liu, CIO at Kronos Research.
“This points less to a clear divide between institutional and retail sentiment and more to the shifting market structure, with hedge flows, derivatives rotations and reporting delays all muddying the signal between actual demand and what the ETF data shows,” Liu said.
On the Ethereum side, spot Ether ETFs also saw net outflows, totaling $145,7 million on Monday. This was the third consecutive day of negative inflows for the class, signaling that investors' tactical adjustments have extended beyond Bitcoin to other products with direct exposure to major cryptocurrencies.
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.
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