Bitcoin exchange-traded funds faced greater than $1.5 billion in net outflows over the past 4 days, at the same time as institutional interest in cryptocurrency stays strong.
This shift in fund flows comes as bitcoin currently trades around $96,000, marking an 11% decline from its all-time high of $108,268 set earlier this month, in line with data from CoinMarketCap.
For investors, these outflows signal caution as bitcoin posts its first weekly decline since Trump’s election victory, while the Federal Reserve’s recent messaging on inflation and rates of interest has reshaped market expectations.
Despite the broader market retreat, institutional adoption continues to expand. MicroStrategy announced a $561 million acquisition of 5,262 bitcoins purchased in December at a median price of $106,662, in line with a filing with the Securities and Exchange Commission. The corporate now holds 444,262 bitcoins, purchased at an aggregate price of around $27.7 billion.
BlackRock’s iShares Bitcoin Trust (IBIT) saw its largest single-day outflow of $188.7 million on Tuesday, bringing its four-day total withdrawal to $229.7 million, in line with data from the U.K.-based asset manager Farside Investors
The Fidelity Smart Origin Bitcoin Fund (FBTC) led the four-day outflows with $509.6 million in withdrawals, while the ARK 21Shares Bitcoin ETF (ARKB) lost $286.1 million through the period, in line with Farside.
Grayscale’s Bitcoin Trust ETF (GBTC) and Bitcoin Mini Trust (BTC), meanwhile, recorded combined outflows of $372.1 million over the 4 days, Farside reports.
The Bitwise Bitcoin ETF (BITB) and VanEck Bitcoin ETF (HODL) experienced outflows of $58.8 million and $13.5 million, respectively, over the four-day period, based on Farside’s data.
The Franklin Bitcoin ETF (EZBC) stood out because the only fund recording positive flows, adding $5.6 million through the period, in line with Farside.
12 months-to-date flows show IBIT leading with $37.1 billion in inflows, while FBTC has attracted $11.7 billion, in line with Farside data. GBTC has seen $21.3 billion in outflows since its conversion from a trust structure.
