Spot Bitcoin ETFs Log $648.6M Outflows, Largest Since January

Spot bitcoin exchange-traded funds in the U.S. recorded their largest single-day net outflows since January 29 on Monday, with $648.6 million in net outflows across seven funds, according to data from SoSoValue. This extended last week’s total net outflows of $1 billion, which ended a six-week positive streak. The outflows reflect a combination of profit-taking, macro uncertainty, and rising U.S. Treasury yields that have made risk-free returns more attractive as global liquidity tightened.

Outflow Breakdown by Fund

BlackRock’s IBIT led the outflows with $448.3 million, followed by Ark & 21Shares’ ARKB at $109.6 million and Fidelity’s FBTC at $63.4 million. Funds from Bitwise, VanEck, Invesco, and Franklin Templeton also recorded negative flows on the day.

Market Context and Macro Drivers

Bitcoin dropped below $77,000 over the weekend, impacted by renewed tensions between the U.S. and Iran and rising oil prices, which fueled concerns about persistent inflation. Higher U.S. Treasury yields drove ETF outflows as global liquidity tightened, combining with inflation fears to push short-term de-risking among institutional investors.

Dominick John, analyst at Zeus Research, characterized the outflows as a “short-term institutional risk-off move, driven by profit-taking and macro uncertainty.” He noted that “institutions remain active but more tactical, using ETFs as liquidity tools to manage exposure. Flows now hinge on rates and volatility, with capital staying on the sidelines.”

Current Bitcoin Positioning

Bitcoin is consolidating around a key support zone of $76,000–$77,000, according to John. Major stablecoins led by USDT and USDC have expanded in market cap, signaling sidelined liquidity building up and positioning for potential dip-buying opportunities if price revisits key levels.

Andri Fauzan Adziima, research lead at Bitrue Research Institute, assessed that “near-term volatility stays high, but this dip looks like healthy digestion in a broader uptrend.” Analysts noted that traders should closely monitor signals from new Federal Reserve Chair Kevin Warsh, particularly his tone on inflation, rates, and policy.