- Spot Bitcoin ETFs saw nearly $100 million in net outflows on Thursday.
- BlackRock’s iShares Bitcoin Trust was the only ETF to record inflows, with about $65 million added.
- Grayscale’s GBTC recorded the largest daily outflow of around $60 million.
Spot Bitcoin ETFs lost nearly $100 million in net asset value on Thursday during an additional challenging trading day. Sosovalue data showed a continued market withdrawal as most funds lost capital during this equity market downturn. The iShares Bitcoin Trust (IBIT) secured $65 million worth of net fund inflows from BlackRock.
Risk asset turbulence and volatility across traditional markets did not deter IBIT from continuing its financial growth. The IBIT experienced institutional investor momentum even though other ETFs faced capital depletion. The fund attracted funds worth $65 million the day it became the sole one to experience an outflow, demonstrating overall volatile fund movements.
IBIT attracted substantial inflows from investors during this time, while most ETFs suffered net outflows due to market conditions changing after new economic updates. Early fluctuations in the business week failed to stop IBIT from quickly recovering, as financial funds faced difficulties gaining momentum. BlackRock received continued investor confidence in its product, contributing to its successful results.
Bitcoin ETF Outflows Rise After Brief Pause
Grayscale’s Bitcoin Trust (GBTC) experienced the largest withdrawal of wealth among US Bitcoin ETFs on Thursday, losing about $60 million. Fidelity’s FBTC and Bitwise’s BITB, along with Ark Invest’s ARKB and VanEck’s HODL, also suffered fund withdrawals. After brief ETF inflow growth during the middle of the week, fund investors started withdrawing their money.
The combination of spot Bitcoin ETFs received $218 million in total net inflows on Wednesday, ending their three-day declining trend. The small period of positive performance vanished when the market reacted negatively to policy changes. The sudden shift in market direction demonstrates that investors maintain caution while rebalancing their cryptocurrency investments.
Grayscale created two new ETFs that utilize Bitcoin price movements to provide investors with regular income streams during the previous week. GBTC suffered continuous daily withdrawal even after its initial launch occurred. The fund possesses the status of being one of the biggest Bitcoin holders yet has failed to maintain investor capital as competition within the space intensifies.
Bitcoin Holds Firm as Nasdaq Sinks
After Donald Trump implemented his tariff policies, the US stock market endured major depreciation, resulting in a 5.5% decline in the Nasdaq Composite Index. A severe price drop during a single day ranked among the worst in market history since the early 2000s. The increase in trade tensions triggered widespread effects across the equity market segment, with tech stocks taking most of the impact.
When traditional risk assets were in disarray, Bitcoin managed to stay stable. Following the brief decline during market closure, BTC experienced a 0.7% increase during the subsequent market day. Throughout Friday, the price maintained its upward trajectory while showing an opposite direction compared to equity markets.
BTC’s current market valuation rests above $84,000, while it stands below its most recent $87,000 maximum achieved preceding the tariff announcement release. The Nasdaq futures contracts experience continued weakness before the upcoming US jobs report publication. The currency’s behavior suggests it may no longer align with equity prices over the upcoming short-term period.