U.S. spot bitcoin ETFs are enduring their heaviest month of withdrawals yet, with all 11 funds collectively posting $3.79 billion in redemptions—setting a new record and overtaking February’s $3.56 billion outflow peak.
BlackRock’s IBIT, the largest bitcoin ETF globally, has been the main source of the decline, logging more than $2 billion in outflows this month, according to data from SoSoValue.
Investor pullback intensified on Thursday as the group saw over $900 million exit in a single day, marking the second-largest daily outflow since spot bitcoin ETFs went live in January 2024.
Ether ETFs have also been hit hard, recording a record $1.79 billion in withdrawals.
The sustained outflows point to a growing risk-off sentiment toward the two leading crypto assets. In contrast, newer ETFs tied to Solana and XRP continue to draw fresh interest, bringing in $300.46 million and $410 million in net inflows, respectively.
