Key Takeaways
- BlackRock and Fidelity record huge ETF outflow on Thursday.
- Over $150 million left BlackRock’s iShares Bitcoin Trust and Fidelity’s FBTC.
Institutional Capital Flight: ETF Flows Turn Negative
Thursday marked a continuation of institutional investor caution, as major spot Bitcoin ETFs recorded significant capital outflows. BlackRock’s iShares Bitcoin Trust (IBIT) experienced $29 million in withdrawals, while Fidelity’s FBTC reported a more substantial decline of $132 million. Grayscale’s GBTC product also registered outflows of $67 million, alongside capital exists from smaller issuers, including Bitwise and VanEck.
The latest outflows reflect broader market sentiment following a volatile two-week period. Bitcoin declined from its recent $126,000 high amid a confluence of factors, including extensive futures position liquidations, reported data feed issues at major exchanges, and escalating U.S.–China trade tensions that pressured risk assets globally.
