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>>US Spot Market Experiences $205.8 Million Bitcoin ETF Outflow, With BlackRock Heading the Exit.

US Spot Market Experiences $205.8 Million Bitcoin ETF Outflow, With BlackRock Heading the Exit.

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about 9 hours ago

Major Outflow Event

On February 23, 2025 U.S. spot Bitcoin ETFs recorded a net outflow of $205.8 million, reversing a day of inflows. BlackRock’s iShares Bitcoin Trust (IBIT) led the withdrawals with over $117 million redeemed. VanEck’s HODL was the only fund that attracted new capital, adding $6.3 million.

Fund‑Specific Flows

Other large ETFs also saw redemptions: Fidelity FBTC lost $27.9 million, Bitwise BITB $43.6 million, Ark Invest ARKB $9.2 million, and Grayscale GBTC $13.1 million. The outflow was broad‑based, not limited to a single issuer, indicating a wider market sentiment shift. GBTC’s continued outflows reflect its higher fee structure and recent conversion to an ETF.

Spot ETF Context

U.S. spot Bitcoin ETFs launched in January 2024, quickly gathering billions in assets under management. Daily flow data is a key gauge of investor confidence; inflows signal bullishness while outflows suggest profit‑taking or risk aversion. The abrupt reversal highlights the products’ sensitivity to macro factors that also drive Bitcoin’s price volatility.

Market Impact and Outlook

Redemptions force ETF managers to sell Bitcoin, creating short‑term selling pressure on the market. While $205 million is sizable, it is modest compared with Bitcoin’s multi‑billion‑dollar daily trading volume. Future ETF performance will depend on regulatory clarity, Bitcoin’s adoption trajectory, and the ability of funds to offer low‑cost, secure exposure.

US Spot Market Experiences $205.8 Million Bitcoin ETF Outflow, With BlackRock Heading the Exit.

Major Outflow Event

Fund‑Specific Flows

Spot ETF Context

Market Impact and Outlook

US Spot Market Experiences $205.8 Million Bitcoin ETF Outflow, With BlackRock Heading the Exit.