US Bitcoin ETFs Experience $1.2 Billion in Weekly Outflows
US spot Bitcoin ETFs saw significant outflows of $1.2 billion this week as Bitcoin prices declined. Despite this, Charles Schwab reported rising investor engagement in crypto products.
The total outflows from the eleven US-listed spot Bitcoin ETFs were substantial, with $366.6 million withdrawn on Friday alone. The largest withdrawal came from BlackRock's iShares Bitcoin Trust (IBIT), which lost $268.6 million in a single day.
Other notable outflows included Fidelity's Wise Origin Bitcoin Fund (FBTC), which saw redemptions totaling $67 million. Despite the decline in institutional inflows, Charles Schwab noted a growing interest among retail and institutional clients in digital assets.
Investor engagement with crypto-related products is rising, reflecting a growing interest among retail and institutional clients in digital assets.
- Total outflows from US spot Bitcoin ETFs: $1.2 billion
- Largest withdrawal: BlackRock's iShares Bitcoin Trust (IBIT) - $268.6 million
- Fidelity's Wise Origin Bitcoin Fund (FBTC) outflows: $67 million
Author's summary: US Bitcoin ETFs see massive outflows amidst market decline.