Key Takeaways
- Bitcoin ETFs saw $516 million in outflows on Monday.
- Fidelity's FBTC led with $247 million in withdrawals.
- Total net inflows into Bitcoin ETFs remain above $39 billion.
U.S. spot Bitcoin ETFs experienced $516.4 million in net outflows on Monday, marking the fifth-largest daily exit since their launch in January 2024.
The downturn coincided with a sharp decline in Bitcoin’s price, which fell 7.6% to $88,547.
ETF performance breakdown
Fidelity’s FBTC saw the highest outflows at $247 million, followed by BlackRock’s IBIT with $158.6 million and Grayscale’s GBTC with $59.5 million, according to data from The Block.
Ark Invest’s ARKB figures were not yet available, but the five-day cumulative outflows across the ETFs now total $1.07 billion.
Analyst reactions
While some analysts see this as a sign that early investors are fully allocated, others remain unconcerned.
David Foley, Bitcoin Opportunity Fund Co-Managing Partner, said:
It all feels very controlled to us after a major run-up in November and December.
Despite the outflows, total net inflows into Bitcoin ETFs remain above $39 billion, with $111 billion in assets under management.
Ethereum ETF impact
Spot Ethereum ETFs also saw losses, with $78 million in outflows led by BlackRock’s ETHA, bringing their three-day total to $100 million.
Market context
The sell-off comes amid broader market uncertainty, fueled by concerns over economic growth, geopolitical tensions, and recent security breaches in the digital asset space.
Despite the slump, Bitcoin’s performance remains in line with Nasdaq’s, maintaining investor interest.
