On Thursday, U.S. Bitcoin ETFs experienced a slowdown in momentum after a strong two-week rally. The 11 funds combined saw a net outflow of $400.67 million, signaling a cautious shift among investors. Despite the overall decline, some funds managed to attract substantial inflows, indicating mixed sentiment across the market. Just a day earlier, the funds recorded $510,11 million in inflows.
BlackRock’s IBIT continued its strong performance, adding $126.53 million to its fund. VanEck’s HODL also recorded an inflow of $2.50 million, contributing to the day’s limited bright spots. These gains highlight ongoing interest in Bitcoin ETFs, even as the broader trend turned negative.
Five Bitcoin ETFs recorded notable outflows on Thursday, contributing to the day’s net loss:
- Fidelity’s FBTC: $179.16 million outflow
- Ark Invest’s ARKB: $161.72 million outflow
- Bitwise’s BITB: $113.94 million outflow
- Grayscale’s GBTC: $69.59 million outflow
- Grayscale’s BTC: $5.28 million outflow
Not all ETFs recorded activity. Invesco’s BTCO, Franklin Templeton’s EZBC, Valkyrie’s BRR, and WisdomTree’s BTCW reported neither inflows nor outflows, reflecting a quieter day for those funds.
Bitcoin Price Dips Slightly
As of writing, Bitcoin is trading at $87,620, down just over 2.5% in the last 24 hours, according to CoinMarketCap. The price dip coincides with Thursday’s ETF activity, suggesting that investors are recalibrating their positions amid recent market conditions.