Hlib Chabaniuk

U.S. spot Bitcoin ETFs end inflow streak with $148.7 million in outflows

U.S. spot Bitcoin ETFs end inflow streak with $148.7 million in outflows
Bitcoin ETFs reverse with outflows

After one of their strongest runs of the year, U.S. spot Bitcoin exchange-traded funds reverse course on Wednesday and post combined net outflows of $148.7 million. The move halts a nine-day stretch that had brought cumulative flows back into positive territory and underscores a pause in recent momentum across the crypto investment products.

Highlights

  • U.S. spot Bitcoin ETFs ended a nine-day, $3.1 billion net inflow streak on Wednesday with $148.7 million in net outflows, according to The Block.
  • BlackRock's IBIT saw $9.5 million in net outflows and Fidelity's FBTC posted the largest daily outflow at $125.6 million, while other funds recorded zero flows.
  • Despite the reversal, spot Bitcoin ETFs have accumulated over $57 billion in cumulative net inflows since January 2024, with more than $100 billion in AUM and $970 million in year-to-date inflows.

Fund flows turn negative after strong run

The Block reported, citing data it compiled, that the nine-day, $3.1 billion net inflow streak for U.S. spot Bitcoin ETFs ends on Wednesday as investors pull a combined $148.7 million from the funds.

BlackRock's IBIT, which had led much of the recent rally in subscriptions, records $9.5 million in net outflows and brings its own nine-day, $1.6 billion inflow streak to a close. Fidelity's FBTC posts the largest daily outflow at $125.6 million, followed by Bitwise's BITB at $13.6 million, while the remaining funds register zero flows.

Market context and industry position

Despite the daily reversal, U.S. spot Bitcoin ETFs have generated more than $57 billion in cumulative net inflows since launching in January 2024, alongside $970 million in year-to-date inflows and more than $100 billion in assets under management, according to The Block's Bitcoin ETF Tracker data.

Bitcoin closes September up 6.4% and trades at about $83,950 on Thursday. Ahead of the latest daily figures, Bloomberg Senior ETF Analyst Eric Balchunas says lifetime cumulative flows are nearing a new high-water mark, while Bloomberg ETF analyst James Seyffart notes the funds remain about $5 billion below their cumulative flow peak reached on Oct. 10 last year.

Our earlier article on Nuveen’s acquisition of Schroders explained how the deal created a global asset management group with more than $2.6 trillion in assets under management and a presence in over 40 markets. We noted that Schroders is set to operate separately for 12–18 months, with CEO Richard Oldfield reporting to Nuveen CEO William Huffman, as the firms manage the integration process.

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