Bitcoin Spot ETF Withdrawal: $252 million Leaves, Signaling a Fourth Straight Day of Investor Pullback
On Jan 9 2025 U.S. Bitcoin spot ETFs recorded a net outflow of $252.09 million, marking the fourth straight day of withdrawals. The trend follows the initial surge of assets after the January 2024 launch. Analysts view the flow as an early‑stage recalibration rather than a collapse. BlackRock’s iShares Bitcoin Trust (IBIT) led the outflows with a $254.07 million redemption. In contrast, Fidelity’s Wise Origin Bitcoin Fund (FBTC) posted a modest $7.87 million inflow, while Bitwise’s BITB saw a $5.89 million net loss. The divergence suggests investors are weighing fees, liquidity and brand trust. Potential catalysts include shifting macro conditions, profit‑taking after recent Bitcoin rallies, and capital rotation to other assets. ETF redemptions require authorized participants to sell underlying Bitcoin, creating indirect selling pressure, though the volume remains a small share of total AUM. Simultaneous inflows indicate a functioning secondary market within the ETF ecosystem. The outflow pattern mirrors early volatility seen in gold‑backed ETFs and likely signals a consolidation phase. Ongoing transparency of daily flows offers a real‑time gauge of institutional crypto sentiment. Future focus will be whether the net outflow trend stabilizes, shaping the long‑term role of Bitcoin spot ETFs.























