Bitcoin Exchange-traded funds faced more than $1.5 billion in net outflows over the past four days, even as institutional interest in cryptocurrencies remained strong.
This change in fund flow comes as bitcoin is currently trading around $96,000, marking an 11% drop from its all-time high of $108,268 set earlier this month, according to data by CoinMarketCap.
For investors, these outflows are a sign of caution as bitcoin posted its first weekly decline since Trump's election victory, while the Federal Reserve's recent messages on inflation and interest rates reshaped market expectations.
Despite the broader market retreat, institutional adoption continues to expand. MicroStrategy announced a $561 million acquisition of 5,262 bitcoins purchased in December at an average price of $106,662, according to a filed with the Securities and Exchange Commission. The company now holds 444,262 bitcoins, which were purchased at an aggregate price of approximately $27.7 billion.
BlackRock's iShares Bitcoin Trust (IBIT) saw its largest single-day outflow of $188.7 million on Tuesday, bringing its four-day withdrawal total to $229.7 million, according to data from UK asset manager Farside Investors
The Fidelity Wise Origin Bitcoin Fund (FBTC) led the four-day outflows with $509.6 million in withdrawals, while the ARK 21Shares Bitcoin ETF (ARKB) it lost $286.1 million during the period, according to Farside.
Grayscale Bitcoin Trust ETF (GBTC) a Bitcoin Mini Trust (BTC)meanwhile, it recorded combined outflows of $372.1 million over the four days, Farside reports.
The Bitwise Bitcoin ETF (BITB) a VanEck Bitcoin ETF (HODL) experienced outflows of $58.8 million and $13.5 million, respectively, over the four-day period, based on Farside data.
The Franklin Bitcoin ETF (EZBC) stood out as the only fund recording positive flows, adding $5.6 million during the period, according to Farside.
Flows to date show IBIT leading with $37.1 billion in inflows, while FBTC has attracted $11.7 billion, according to Farside data. GBTC has seen $21.3 billion in outflows since its conversion from a trust structure.
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