Bitcoin slides 25% as ETF inflows stay positive
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- Bitcoin has fallen over 25% in the past month and is down almost 50% from its October record above $126,000.
- iShares Bitcoin Trust (IBIT) recorded about $2.8 billion in net outflows over the past three months.
- BlackRock's spot Bitcoin ETF attracted roughly $21 billion in net inflows over the past year, according to VettaFi.
- Spot Bitcoin ETFs saw $5.8 billion net outflows in the last three months but still have $14.2 billion net inflows over the past year.
- Matt Hougan (Bitwise Asset Management CIO) said the sell‑off is driven mainly by long‑term crypto investors trimming positions, not ETF investors.
- Mike Novogratz (Galaxy CEO) warned that crypto’s “era of speculation” is ending, and future returns will be more like low‑yield real‑world assets.
- Will Rhind (GraniteShares CEO) noted that Bitcoin’s price drop is unsettling for those who view it as “digital gold,” especially as gold rallies.
Why it matters: Long‑term investors and financial advisors retain exposure to Bitcoin through spot ETFs, while short‑term traders and crypto‑focused hedge funds are pulling capital, indicating a shift from speculative retail inflows to more institutional holding, which is reflected in the $14 billion net inflow over the year.
