Bitcoin exchange-traded funds faced more than $1.5 billion in net outflows over the past four days, even as institutional interest in cryptocurrency remains strong.
This shift in fund flows comes as bitcoin currently trades around $96,000, marking an 11% decline from its all-time high of $108,268 set earlier this month, according to data from CoinMarketCap.
For investors, these outflows signal caution as bitcoin posts its first weekly decline since Trump's election victory, while the Federal Reserve's recent messaging on inflation and interest rates has reshaped market expectations.
Despite the broader market retreat, institutional adoption continues to expand. MicroStrategy announced a $561 million acquisition of 5,262 bitcoins purchased in December at an average price of $106,662, according to a filing with the Securities and Exchange Commission. The company now holds 444,262 bitcoins, purchased at an aggregate price of around $27.7 billion.
Bitcoin ETF Market Trends
BlackRock's iShares Bitcoin Trust (IBIT) saw its largest single-day outflow of $188.7 million on Tuesday, bringing its four-day total withdrawal to $229.7 million, according to data from the U.K.-based asset manager Farside Investors
The Fidelity Wise Origin Bitcoin Fund (FBTC) led the four-day outflows with $509.6 million in withdrawals, while the ARK 21Shares Bitcoin ETF (ARKB) lost $286.1 million during the period, according to Farside.
Grayscale's Bitcoin Trust ETF (GBTC) and Bitcoin Mini Trust (BTC) , meanwhile, recorded combined outflows of $372.1 million over the four days, Farside reports.
The Bitwise Bitcoin ETF (BITB) and VanEck Bitcoin ETF (HODL) experienced outflows of $58.8 million and $13.5 million, respectively, over the four-day period, based on Farside's data.
The Franklin Bitcoin ETF (EZBC) stood out as the only fund recording positive flows, adding $5.6 million during the period, according to Farside.
Year-to-date flows show IBIT leading with $37.1 billion in inflows, while FBTC has attracted $11.7 billion, according to Farside data. GBTC has seen $21.3 billion in outflows since its conversion from a trust structure.
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