Bitcoin ETFs Shed $649M in a Day as Long-Term BTC Holders ‘Limit Downside Potential’
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- Bitcoin ETFs saw $648.64 million in net outflows on Monday, the largest single‑day drain since last week’s $1 billion outflow.
- BlackRock’s IBIT recorded $448 million of outflows, accounting for roughly two‑thirds of Monday’s total.
- Bitcoin fell 6.7% to a weekly low of $76,201, trading near $76,680.
- Crypto Fear & Greed Index dropped to 25, indicating “Extreme Fear” among investors.
- Funding rates for Bitcoin futures turned positive after months of negative rates, reflecting renewed long‑term holder demand.
Why it matters: ETF investors lose $648 million as fund managers de‑risk amid U.S.-Iran tensions and rising Fed rate‑hike expectations, while long‑term Bitcoin holders’ accumulation cushions the price decline.
