US Bitcoin ETFs Suffer $648 Million in Outflows, the Largest One-Day Outflow Since January

U.S. spot Bitcoin ETFs recorded a net outflow of $648.6 million on Monday, the largest single-day outflow since January 29. According to SoSoValue data, all seven funds experienced net outflows that day, continuing the trend of approximately $1 billion in net outflows last week.

Among them, BlackRock IBIT recorded the largest outflow of $448.3 million; Ark 21Shares' ARKB outflowed $109.6 million, Fidelity's FBTC outflowed $63.4 million, and products from Bitwise, VanEck, Invesco, and Franklin Templeton all experienced net outflows as well.

The flow of ETF funds is an important indicator for observing institutional Bitcoin allocation, with significant single-day withdrawals usually reflecting a decrease in short-term risk appetite. Previously, Bitcoin ETFs had just ended a streak of six consecutive weeks of net inflows.

Zeus Research analyst Dominick John stated that the current outflow mainly reflects institutional short-term risk aversion, with core drivers including profit-taking and macroeconomic uncertainty. He believes that institutions remain active but are using ETFs more tactically as tools to manage liquidity and exposure.

Over the weekend, Bitcoin fell below $77,000, affected by tense U.S.-Iran relations, rising oil prices triggering inflation concerns, and the rise in U.S. Treasury yields. Higher risk-free yields have increased the appeal of cash and bonds, while compressing the short-term valuation space for risk assets.

Dominick John further pointed out that Bitcoin is currently in a macro volatility-dominated consolidation phase, with $76,000-77,000 forming a key support. Meanwhile, the market value of major stablecoins like USDT and USDC continues to expand, indicating that off-market liquidity is still accumulating, with some funds potentially waiting for a clearer entry signal.