U.S. bitcoin exchange-traded funds (ETFs) experienced net outflows of $398.95 million on Thursday, the third consecutive day of outflows, according to SoSoValue.
Blackrock’s iShares Bitcoin Trust (NASDAQ: IBIT) recorded the largest single-day exit with $193.34 million in outflows. The Fidelity Wise Origin Bitcoin Fund (CBOE: FBTC) followed with $120.52 million in withdrawals, while Grayscale Bitcoin Trust (NYSE: GBTC) saw $73.09 million leave the fund.
The recent selling pressure follows a week of consistent outflows.
Investors withdrew $486.08 million on Wednesday and $243.24 million on Tuesday. These daily declines pushed the total net inflow for the week to negative $431.02 million. The cumulative total net inflow for all funds combined stands at $56.65 billion since the bitcoin ETFs came onto the market in 2024.
US-listed Bitcoin ETFs currently hold $117.66 billion worth of bitcoin as of Thursday. This figure represents a slight decline from the $119.66 billion recorded in January 2025, though it remains significantly higher than the $27.81 billion held in January 2024.
Morgan Stanley submitted filings to the U.S. Securities and Exchange Commission on Tuesday to launch ETFs tied to bitcoin and solana. The application represents the first attempt by a major U.S. bank to list such products, according to Reuters.
Bitcoin traded at $90,657.08 at the time of writing. The cryptocurrency has risen 3.63% year-to-date, though it remains down 4.12% over the past year.
Header image by Christopher Michel.
