Spot Bitcoin exchange-traded funds (ETFs) traded in the US recorded a total net outflow of $536.4 million on Thursday, the largest daily negative flow since August 1.
US Spot Bitcoin ETFs See Largest Daily Outflow Since August: $536 Million
According to SoSoValue data, 8 out of 12 Bitcoin ETFs reported outflows. The largest outflow occurred in Ark & 21Shares’ ARKB fund, which withdrew $275.15 million from investors.
Fidelity’s FBTC fund saw $132 million in outflows, while funds managed by BlackRock, Grayscale, Bitwise, VanEck, and Valkyrie also reported similar negative flows.
On the same day, spot Ethereum ETFs also experienced a net outflow of $56.9 million, reversing the positive trend of the last two trading days.
LVRG Research Director Nick Ruck stated that these large outflows reflect a “sharp decline in investor risk appetite,” adding that this cautious stance is due to both the US’s new tariff policies and leveraged position liquidations in the crypto market.
The historic crypto liquidation wave that began last weekend and led to the liquidation of more than $20 billion in leveraged positions was triggered after US President Donald Trump announced a 100% tariff on Chinese imports.
Justin d’Anethan, Head of Research at Arctic Digital, said markets are “seeking stability,” but geopolitical uncertainties and tight monetary policy are still creating pressure.
The crypto market sell-off continued on Friday, with Bitcoin falling 2.36% to $108,360 in the last 24 hours, and Ethereum falling 2.56% to $3,900.
d’Anethan stated that despite short-term fluctuations, optimism can be maintained in the medium term, saying, “Inflationary pressures are easing and central banks are moving closer to cutting interest rates. However, volatility will remain high until this picture becomes clearer.”
*This is not investment advice.