Yesterday, investors actively withdrew their funds from American spot Bitcoin -funds, since the flagship kriptovalyuta fell below $90,000.
As a result, the total outflow of funds from BTC- ETF exceeded a record $937,9 million. This is the highest figure since the launch of Bitcoin-based exchange-traded funds in January 2024. The previous record was set on December 19, 2024 and amounted to $680 million.
Fidelity's FBTC was once again the biggest source of outflows, with investors pulling $344,65 million out of the fund, marking the highest daily outflow from the fund. ETF since its launch. Next up was BlackRock's IBIT, which took in $164,37 million.
Bitcoin ETF Bitwise's BITB lost $88,3 million, while Grayscale's two funds lost a combined $151,9 million, with $66,1 million coming from the GBTC fund and $85,8 million from the BTC fund.
In total, investors withdrew from Bitcoin - funds about $2,4 million, and only four days were positive.
21Shares Crypto Research Strategist Matt Mena Explains BTC's Slump ETF investors' concerns that Bitcoin has already reached its peak. The expert noted that despite the fall, the flagship kriptovalyuta is still trading above 50% of its year-to-date level. Mena believes that this correction is merely a “temporary reset, not the end of the cycle.”
