The 11 spots bitcoin exchange-traded funds (ETFs) listed in the United States have collectively recorded outflows totaling $3.79 billion, the largest on record and surpassing the previous peak outflow of $3.56 billion in February.
BlackRock’s bitcoin ETF, IBIT, the world’s largest exchange-traded fund, has seen redemptions of more than $2 billion this month, according to data source SoSoValue.
On Thursday alone, these funds saw outflows of more than $900 million, the second largest one-day withdrawal since these funds debuted in January 2024.
Ether ETFs have also faced record outflows, totaling $1.79 billion.
These numbers reflect growing investor aversion to the top two cryptocurrencies by market cap. Meanwhile, Solana recently debuted and XRP ETFs have seen net inflows of $300.46 million and $410 million, respectively.
