US Spot Bitcoin ETFs Record $358M in Net Outflows, Ending 10-Day Inflow Trend

U.S. spot Bitcoin ETFs saw a wave of outflows on Thursday, shedding $358.6 million and ending a 10-day streak of inflows that had brought in over $4.2 billion. The reversal comes after a strong run fueled by demand for BlackRock’s IBIT.

Despite the broader downturn, IBIT stood alone with $125 million in new inflows, according to SoSoValue. Every other major ETF reported net losses, dragging down total net inflows across all 12 spot Bitcoin funds from $45.34 billion to $44.99 billion in a single day.

Fidelity, Grayscale Lead the Outflows

Fidelity’s FBTC took the biggest hit, recording $166.32 million in outflows. Grayscale’s GBTC followed closely behind, with $107.53 million leaving the fund. Ark and 21Shares’ ARKB saw $89.22 million pulled, while Bitwise’s BITB logged $70.85 million in exits. ETFs from VanEck, Valkyrie, Invesco, and Franklin Templeton also recorded losses, adding to the day’s total drawdown.

Thursday’s outflows marked the largest single-day exit since March 11. At the same time, overall trading activity picked up, with ETF volume climbing to $5.39 billion, well above Wednesday’s $3.5 billion. While this points to heightened market action, the trend reflects uncertainty rather than fresh demand.

Ethereum ETFs Extend Inflow Streak

In contrast, spot Ethereum ETFs posted another strong day, pulling in $91.93 million in net inflows. This inflow extends their winning streak to nine consecutive days.

Despite this institutional demand, Ethereum’s price fell 3.8% over the past 24 hours to $2,630, suggesting broader market pressures. Bitcoin also dipped, hitting a session low of $105,930, down 2.6% on the day and 5.3% below its May 22 all-time high.

The volatility extended to crypto-related equities. Coinbase (COIN) slid 2.14%, while MicroStrategy (MSTR) managed a 1.75% rise. Bitcoin mining stocks struggled, with Bitfarms (BITF), Bit Digital (BTBT), CleanSpark (CLSK), and Greenidge (GREE) all posting losses of between 3% and 5%.

U.S. stock markets also cooled off, giving back gains from earlier in the week. Market observers attribute the pullback to a recent court decision that temporarily halted the implementation of Trump’s proposed tariffs. The decision initially lifted sentiment but soon brought fresh uncertainty because of ongoing legal disputes over the policy.

The post US Spot Bitcoin ETFs Record $358M in Net Outflows, Ending 10-Day Inflow Trend appeared first on Cointab.