The 11 point bitcoin US-listed exchange-traded funds (ETFs) have collectively recorded outflows totaling $3.79 billion, the largest outflow on record and surpassing the previous outflow peak of $3.56 billion in February.
BlackRock’s bitcoin ETF IBIT, the world’s largest exchange-traded fund, has seen redemptions exceeding $2 billion this month, according to data source SoSoValue.
On Thursday alone, these funds experienced outflows of more than $900 million, the second-largest single-day withdrawal since these funds debuted in January 2024.
Ether ETFs have also faced record outflows, totaling $1.79 billion.
These figures reflect investors’ growing aversion towards the two main cryptocurrencies by market value. Meanwhile, Solana recently debuted and XRP ETFs have seen net inflows of $300.46 million and $410 million, respectively.
