U.S. spot bitcoin ETFs extend outflow streak as IBIT sees large block trade

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U.S. bitcoin ETF outflows

Highlights

U.S. spot bitcoin ETFs see $333.7 million in net outflows Tuesday, with BlackRock's IBIT leading at $192.4 million withdrawn and sector outflows totaling $1.88 billion over seven days.
A single 29 million-share IBIT block trade, worth $1.3 billion, executes without major price impact, demonstrating strong institutional liquidity and effective market absorption.
Ethereum ETFs mark 11 consecutive days of outflows while newly launched spot HYPE ETFs surpass $100 million in net inflows within 10 trading days, including $20.5 million on Tuesday.

Fund flows deepen as IBIT leads withdrawals

As reported by SoSoValue and The Block, U.S. spot bitcoin ETFs post $333.7 million in net outflows on Tuesday, led by $192.4 million leaving BlackRock's IBIT. Fidelity's FBTC records $57.7 million in net outflows, while Grayscale's GBTC loses $41.3 million, and Grayscale's Bitcoin Mini Trust and Bitwise's BITB also register negative daily flows.

The latest data extends the sector's negative streak to seven consecutive trading days, the longest run of outflows since December 2025. Across that period, U.S. bitcoin ETFs accumulate a combined $1.88 billion in net withdrawals.

Market absorption and broader crypto ETF trends

A separate 29 million-share IBIT transaction, described by Balchunas as far larger than other orders placed on Tuesday, stands out against the broader withdrawal trend. The fund's second-largest trade for the day totals 1.3 million shares, underscoring the scale of the block order.

Bitcoin's price remains largely unchanged despite the trade, which Ko says signals that the market is absorbing the order effectively. Ko tells The Block that a $1.3 billion IBIT block trade moving without major price disruption points to institutional-grade liquidity and market depth.

Ethereum ETFs are also extending losses, with their negative streak reaching 11 days. In contrast, spot HYPE ETFs, which debuted earlier this month, bring in $20.5 million in net inflows on Tuesday, pushing total net inflows above $100 million in their first 10 trading days.

In our earlier article on Coinbase (COIN) shares, we looked at how the stock remained under key moving averages amid oversold signals and continued seller pressure. We also noted that an AI-driven restructuring (with up to $60 million in charges) and shifting U.S. stablecoin regulation were adding near-term cost headwinds and longer-term uncertainty, keeping the outlook rangebound-to-bearish around the $172–$185 zone.

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