Bitcoin ETFs Bleed $430 Million as Tech Rout Tests Wall Street Buyers — SkimNews
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- Fidelity’s FBTC posted $199.9 million in net outflows Thursday, the largest among U.S. spot Bitcoin ETFs; BlackRock’s IBIT lost $105 million, and the two represented about 71% of $430.2 million in total withdrawals.
- Farside Investors’ table showed no positive net flow for any U.S. spot Bitcoin ETF Thursday: Grayscale’s GBTC lost $49.9 million and Franklin Templeton’s EZBC shed $32.9 million, while several other funds had no net movement.
- BlackRock’s IBIT extended a five-session withdrawal streak since October 30 to roughly $1.04 billion, including a $201.2 million loss on Wednesday, when the broader ETF group still posted a $74.6 million inflow.
- U.S. spot Bitcoin ETFs recorded $869.8 million in net outflows this week after a $643.2 million outflow last Friday, leaving Wednesday’s $74.6 million inflow as only a brief reprieve before Thursday’s reversal.
- Bitcoin fell back toward $76,000 after trading above $80,000 Wednesday, surrendering its post-election rebound; short liquidations had powered the rally, making the reversal more painful for leveraged traders.
- Nasdaq Composite plunged 5.5% and the S&P 500 fell about 4.4%, with chipmakers and data-center stocks leading declines; other headlines describe an AI-related Wall Street selloff, a subsequent market and chip-sector rebound, and Bloomberg’s “chain reaction” framing.
- U.S. spot Bitcoin ETFs let investors adjust exposure without transferring coins to a crypto wallet, making the same wrapper that eases buying an easy route for cutting risk during an equity selloff; fund-level flow data cannot reveal every trade or whether holders covered losses elsewhere, trimmed exposure, or rebalanced.
Why it matters: For brokerage-account investors, the ETF wrapper proved as useful for exiting as entering: $430.2 million left in one session without moving coins to crypto wallets. Fidelity and BlackRock accounted for 71% of the redemptions, while fund-level flows cannot show whether holders covered losses elsewhere, trimmed exposure, or rebalanced.
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