On Monday, U.S. Bitcoin ETFs extended last week’s negative momentum, reporting a significant sell-off of $226.56 million in Bitcoin. This came after a mixed performance the previous week, which still concluded with $449 million in net inflows. However, Monday’s figures reflected a challenging start to the new week.
Outflows were widespread across the sector, with seven funds reporting losses. Fidelity’s FBTC fund led the pack, with $145.97 million leaving its coffers. Grayscale’s GBTC followed, recording $38.39 million in outflows, while Invesco’s BTCO lost $25.56 million. Other funds facing withdrawals included Bitwise’s BITB ($23.75 million), Ark Invest’s ARKB ($15.75 million), Grayscale GBTC’s secondary entry ($6.18 million), and VanEck’s HODL fund, which reported $2.62 million in outflows.
On the flip side, BlackRock’s IBIT fund offered a rare positive note, attracting $31.66 million in inflows, standing as the only fund to see an increase on Monday.
Meanwhile, Bitcoin’s price continued to struggle, trading at $94,400—a 1.2% loss over the last 24 hours, according to CoinMarketCap. Despite hopes of a price recovery, the digital asset remains well below the $100,000 mark.
Monday’s figures underline the ongoing volatility in both Bitcoin prices and institutional investment through ETFs, a dynamic we monitor closely at HowToBuyBitcoin.org.