US Bitcoin ETFs suffer largest daily outflow since March

• Bitcoin ETFs see $358 million in net outflows
• BlackRock's IBIT records only entry among funds
• FBTC and GBTC lead withdrawals amid realization

Bitcoin-backed index funds in the United States ended a 29-day streak of net inflows on Thursday (10), registering a withdrawal of US$358,6 million. This amount represents the largest daily outflow since March 11 and comes after a period of strong positive flow that totaled US$4,26 billion.

Among the 12 tracked spot Bitcoin ETFs, BlackRock's IBIT stands out highlighted as the only one to attract capital, with a net inflow of $125 million. In contrast, Fidelity’s FBTC led the outflows, with redemptions of $166,32 million, closely followed by Grayscale’s GBTC, which saw an outflow of $107,53 million.

ARKB, a fund operated by Ark Invest in partnership with 21Shares, also posted negative numbers, recording a net outflow of $89,22 million. Bitwise’s BITB lost $70,85 million in investor capital. Other asset managers such as VanEck, Valkyrie, Invesco and Franklin Templeton also reported redemptions in their spot Bitcoin products.

Despite the negative movement on the day, ETFs maintained a significant accumulated balance until the previous day. On Wednesday, total net inflows reached US$ 45,34 billion, falling to US$ 44,99 billion with the outflow recorded the following day.

Total trading volume involving these ETFs jumped to $5,39 billion on Thursday, up significantly from $3,5 billion the previous day. The performance is notable as it comes at a time when institutional flows have been supporting growing interest in digital assets, particularly Bitcoin.

With this one-off retraction, the market begins to observe the next institutional movements in light of the accumulated appreciation and natural volatility that accompanies products linked to cryptocurrencies.