Bitcoin ETFs Face Fourth Consecutive Day of Outflows
Bitcoin ETFs have suffered outflows for the fourth day running, as institutional investors take cash off the table following recent all-time highs. Data from SoSoValue shows sell-offs across all U.S. funds tracking Bitcoin’s spot price hit a total of $196.18 million on Tuesday.
However, this is less severe than in recent days. Outflows stood at $333.19 million on Monday, while Friday’s figure of $812.25 million was the second-highest since these products launched back in January 2024. Altogether, the four days of outflows have meant a net loss of $1.4 billion for Bitcoin funds.
It comes as Donald Trump ramps up the rhetoric on tariffs once again, with threats of fresh levies on India, as well as imported pharmaceutical products and semiconductors. The renewed threat of trade wars has fueled risk-off sentiment among investors, with growing economic uncertainty prompting many to seek safer ground.
Bitcoin is holding steady at $114,000 at the time of writing—relatively flat over the past 24 hours—but has fallen by 2.8% over the past week.
According to SoSoValue, the picture looks slightly rosier when it comes to the Ethereum ETFs trading on Wall Street. Funds tracking the spot price of the world’s second-largest cryptocurrency actually saw inflows of $73.3 million on Tuesday. That snapped a two-day losing streak, with outflows of $465 million and $152 million on Monday and Friday respectively. Prior to that, ETF ETFs had enjoyed inflows for 20 days on the bounce, driven by a dramatic surge in price.
Analysts are suggesting that the arrival of ETFs has had a significant impact on Bitcoin’s volatility. Bloomberg’s Eric Balchunas recently argued that BTC has jumped by 250% since BlackRock’s initial filing for the iShares Bitcoin Trust, but without “vomit-inducing drawdowns.”
On X, he argued the absence of volatility has both pros and cons. “This has helped it attract even bigger fish and gives it fighting chance to be adopted as currency,” he wrote. “Downside is prob no more God Candles. Can’t have it all!”