U.S. spot Bitcoin ETFs experienced a significant reversal on Thursday, recording $358.6 million in net outflows, marking the end of a 10-day inflow streak that previously saw over $4.26 billion in capital added to the market.
Largest Single-Day Outflows Since March
The $358.65 million in net outflows on May 30 represented the largest single-day exit since March 11, according to data from SoSoValue. This shift brought the cumulative net inflows for all U.S. spot Bitcoin ETFs down from $45.34 billion on Wednesday to $44.99 billion by Thursday.
This sudden reversal highlights growing investor caution amid recent Bitcoin price volatility.
Breakdown of ETF Performance
Among the 12 approved spot Bitcoin ETFs:
- Fidelity’s FBTC saw the largest outflows at $166.32 million
- Grayscale’s GBTC followed with $107.53 million in outflows
- Ark Invest and 21Shares’ ARKB recorded $89.22 million in net outflows
- Bitwise’s BITB experienced $70.85 million in outflows
ETFs from VanEck, Valkyrie, Invesco, and Franklin Templeton also saw negative net flows.
BlackRock’s iShares Bitcoin Trust (IBIT) was the only fund to post net inflows, adding $125 million during the same period.
Bitcoin Price Reacts to ETF Movement
The outflows coincided with a modest decline in Bitcoin’s price. As of the latest data:
- Bitcoin (BTC) was trading at $106,204, down 1.38% in the past 24 hours
- Ether (ETH) dropped 3.3% to $2,639
Total ETF trading volume surged to $5.39 billion, up from $3.5 billion the previous day, indicating heightened investor activity.
Ethereum ETFs Maintain Positive Streak
While Bitcoin ETFs saw withdrawals, U.S.-listed spot Ethereum ETFs recorded $91.93 million in net inflows on Thursday, extending their nine-day positive streak.
This divergence underscores a possible shift in investor interest toward Ethereum-based products, despite overall market volatility.
Conclusion
Thursday’s outflows signal a temporary shift in investor sentiment following 10 days of consistent inflows.
As Bitcoin prices fluctuate, traders and institutions are adjusting their exposure, with IBIT remaining the most resilient among spot ETFs.
Stay updated with ETF trends as market volatility, macroeconomic policy, and crypto sentiment continue to influence flows.