U.S. Bitcoin ETFs See $1.62B Outflows in Four Days

U.S. spot Bitcoin exchange-traded funds recorded net outflows totaling 1.62 billion over four trading days ending Thursday, amid a sharp decline in Bitcoin's price below 89,000 and broader market volatility driven by macroeconomic and geopolitical pressures.

The withdrawals marked the longest streak of consecutive outflows since the ETFs launched in early 2024. Data showed 394.68 million leaving the funds last Friday, followed by 483.38 million on Tuesday after the Martin Luther King Jr. Day holiday. The pace accelerated Wednesday with 708.71 million in exits, led by BlackRock's iShares Bitcoin Trust at 356.6 million and Fidelity's Wise Origin Bitcoin Fund at 287.7 million. Thursday brought a smaller but confirming 32.11 million in net redemptions. Overall, Bitcoin ETFs still manage more than 116 billion in assets, underscoring sustained long-term interest despite the recent pullback.

Ether exchange-traded funds followed a similar pattern, with outflows reaching 286.9 million on Wednesday alone, primarily from BlackRock's iShares Ethereum Trust at 250.3 million. Tuesday saw 230 million in Ether ETF withdrawals, ending a prior streak of inflows and led by Grayscale's Bitcoin...