Live updates: BlackRock's IBIT drives $236 million bitcoin ETF outflow
Covered by 2 sources · 2 articles
US spot bitcoin ETFs experienced a notable outflow this week, with BlackRock's IBIT leading a $236 million exodus from bitcoin-focused funds. The withdrawal occurred as bitcoin declined roughly 2% and broader market pressure weighed on major cryptocurrencies. The outflow pattern revealed a divergence in investor appetite: while bitcoin ETFs saw redemptions, alternative asset ETFs tracking ether and XRP attracted fresh capital despite widespread price weakness across the sector.
The pullback underscores shifting fund flows amid recent market volatility. Smaller cryptocurrency ETF products continued accumulating assets even as their underlying holdings declined, suggesting some investors rotated out of bitcoin exposure while maintaining broader crypto exposure through smaller-cap alternatives.
- BlackRock's IBIT accounted for the bulk of a $236 million outflow from US spot bitcoin ETFs this week.
- Ether and XRP ETFs drew inflows during the same period, indicating selective buying despite sector-wide price pressure.
- Bitcoin's roughly 2% weekly decline coincided with the outflow pattern, though smaller crypto ETFs continued receiving capital.
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IBIT drives $201 million outflow in US bitcoin ETFs as Ether and XRP funds gain
🚨 Massive $236 million outflow from US spot bitcoin ETFs, mostly from IBIT. 💸 Other funds like Ether and XRP ETFs saw new inflows despite $BTC losses. 📉 $BTC fell around 2% this week with major altcoins also dropping in price. 🧐 BlackRo…
Live updates: BlackRock's IBIT drives $236 million bitcoin ETF outflow
Bitcoin slipped below $77,500 and every major is red on the day. The smaller crypto ETFs kept taking money while the bitcoin funds gave some back.