Bitcoin ETF assets slip below $100B with fresh $272M outflows

Bitcoin Spot Exchange-Traded Funds (ETFs) have experienced a notable downturn, pushing total assets under management (AUM) below the significant $100 billion threshold. This decline was primarily driven by a substantial $272 million in net outflows recorded recently. This activity extends the streak of net redemptions, highlighting sustained institutional selling pressure in the crypto asset class.

Market data reveals that several major funds contributed significantly to the recent dip. Grayscale’s Bitcoin Trust (GBTC) registered the heaviest loss, contributing $105 million in outflows. Fidelity’s FBTC followed closely, recording $83 million in withdrawals. Crucially, even BlackRock’s previously dominant iShares Bitcoin Trust (IBIT), which had sustained massive inflows since its launch, struggled to maintain its growth trajectory, reflecting a generalized softening of demand.

These massive ETF outflows directly correlate with recent volatility in the broader cryptocurrency market. Following the outflow reports, the price of Bitcoin struggled to maintain key support levels, trading sideways near the $65,000 mark. The drop below the $100 billion AUM level is viewed by analysts as a clear signal of cooling investor sentiment after the explosive launch period earlier this year, suggesting that institutions may be locking in profits or waiting on the sidelines amid general market uncertainty.

Source: Bitcoin ETF assets slip below $100B with fresh $272M outflows