Bitcoin ETFs Record $144.67M Outflow; Five-Day Inflows End
Bitcoin exchange-traded funds had $144.67 million in net outflows, ending a five-session inflow streak. Withdrawals were concentrated in BlackRock’s IBIT and Grayscale’s GBTC.
Bitcoin exchange-traded funds recorded $144.67 million in net outflows on the session, ending a five-day inflow streak. Withdrawals were concentrated in a few large bitcoin funds while other providers also saw redemptions.
BlackRock’s IBIT led bitcoin ETF outflows with $53.56 million withdrawn. Grayscale’s GBTC lost $52.02 million and Fidelity’s FBTC had $40.32 million in redemptions. Bitwise’s BITB saw $28.44 million exit and Franklin Templeton’s EZBC had $7.38 million removed. Grayscale’s Bitcoin Mini Trust was the only bitcoin product to draw new capital, adding $37.06 million. Total bitcoin ETF trading value for the session was $2.03 billion and combined net assets stood at $78.16 billion.
Ether-focused ETFs also saw net outflows totaling $14.59 million. BlackRock’s ETHA accounted for most of the selling with $23.77 million withdrawn, and Fidelity’s FETH declined by $3.27 million. Grayscale’s Ether Mini Trust added $8.59 million and BlackRock’s ETHB gained $3.86 million. Ether ETF trading value was $533.17 million and net assets were $10.50 billion.
Some alternative-coin products attracted new money. Solana ETFs drew $8.83 million into Bitwise’s BSOL; Solana products traded $30.93 million and had combined net assets of $905.66 million. HYPE-branded funds added $2.74 million in total, with Bitwise’s BHYP receiving $1.56 million and Grayscale’s HYPG taking $1.18 million. XRP ETFs reported no net creations or redemptions.
Robert Mitchnick, BlackRock’s head of digital assets, noted, “The minimum size for in-kind conversions of bitcoin into IBIT has fallen from $25 million to $1 million,” and added that activity has grown over the past three quarters. The lower threshold reduces the amount of bitcoin required to transfer coins directly into the ETF structure instead of selling into cash first, making it easier for large bitcoin holders to move assets into brokerage-based ETF accounts while keeping the underlying coins.
Flows on the session were concentrated in several flagship bitcoin and ether funds while smaller and niche products recorded inflows.
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