Demand for Bitcoin ETFs Has Weakened! Negative Breakout Streak Extends to Three Days! Here Are the Details

US spot Bitcoin exchange-traded funds (ETFs) have recorded three consecutive days of outflows totaling $494 million.

Biggest Breakouts Since Recent Peaks

Wednesday saw the biggest single-day outflow in a three-day series, with $251 million outflow from Bitcoin ETFs, according to Farside data. Among the major funds:

• Fidelity Wise Origin Bitcoin Fund (FBTC) saw its biggest single outflow, withdrawing $102 million.
• BlackRock’s iShares Bitcoin Trust (IBIT) recorded an outflow of $22.1 million.

The drop in inflows coincided with lower trading volume, as total ETF volume on Wednesday reached just $2.58 billion, significantly below previous peaks. IBIT, which is typically among the top five most-traded U.S. ETFs, fell to tenth place, according to Coinglass data.

Demand for Bitcoin ETFs Has Weakened

The lackluster demand for Bitcoin ETFs was also reflected in Goldman Sachs’ latest filing, which showed weak interest in new net long positions. Investors are primarily using these ETFs as trading vehicles, and the current low volume suggests a cautious market.

While ETF outflows are increasing, Bitcoin remains stuck in a consolidation phase, currently trading at $96,000.

Having oscillated between $90,000 and its all-time high of $109,000 since mid-November, BTC is struggling to rise further amid market uncertainty.

Bitcoin’s near-term trajectory remains uncertain, with continued outflows and muted demand as traders watch for signs of renewed momentum.

*This is not investment advice.