The 11 Bitcoin ETFs reflected the downturn in the Crypto market lately, losing $516 million Yesterday.
The massive net outflow highlights a sharp drop in investor optimism, leading to capital flight from virtually all the 11 Bitcoin ETFs.
Several major ETF products saw significant withdrawals, underscoring the volatility that still haunts the crypto market even within regulated investment vehicles.
Farside Investors UK revealed that BlackRock’s iShares Bitcoin Trust (IBIT) led the retreat with a $158.6 million outflow, a sharp reversal from its blockbuster $37 billion inflow haul in 2024.
Fidelity’s Wise Origin Bitcoin Fund (FBTC) wasn’t far behind, shedding $247 million, making it the day’s biggest loser in dollar terms.
Bitwise’s Bitcoin ETF (BITB) recorded a more modest exit of $10.3 million, while ARK Invest’s 21Shares Bitcoin ETF (ARKB) reported no net change, holding steady amid the storm.
Smaller players in the ETF Business felt the pinch, too. Invesco’s Galaxy Bitcoin ETF (BTCO) lost $15 million, and VanEck’s Bitcoin Trust (HODL) saw $7.3 million leave the door.
Valkyrie’s Bitcoin Miners ETF (BRRR) and Franklin Templeton’s Bitcoin ETF (EZBC) posted zero net flows, avoiding the bleeding but not gaining ground.
WisdomTree’s Bitcoin Fund (BTCW) dropped $12.5 million, and the Grayscale Bitcoin Trust (GBTC), once a dominant force, continued its outflow trend with a $59.5 million loss
The Bitcoin Mini Trust (BTC) rounded the list with a $6.2 million outflow.
Bitcoin Drops Below $90,000
At the time of the report, Bitcoin was trading for $88,903, dropping below $90,000 for the first time in 2025.
The market is amid a serious downturn, and events like the Bybit $1.46 billion hack and other related factors are ushering in a strong bear market on a scale like never before.
The Donald Trump administration has not lived up to expectations regarding market movement but rather ushered in an era of high-profile rug pulls involving two sitting presidents.
The wait for the alt season continues as the market navigates a challenging time in the industry.
