US Bitcoin ETFs Faced Massive Outflows on Monday Amid Bitcoin's Retreat Below $93,000

The eleven spot Bitcoin ETFs collectively saw net outflows totaling $435 million, with only BlackRock's iShares Bitcoin Trust (IBIT) and Grayscale's Bitcoin Mini Trust (BTC) attracting inflows.

Eleven spot Bitcoin exchange-traded funds (ETFs) saw massive outflows on Monday as the world’s largest cryptocurrency retreated below $93,000.

Only two of the eleven ETFs—BlackRock’s iShares Bitcoin Trust (IBIT) and Grayscale’s Bitcoin Mini Trust (BTC)—saw net inflows on Monday.

According to data from Farside Investors, IBIT captured approximately $268 million in net inflows, while BTC took in $400,000.

The remaining nine ETFs faced investor withdrawals, with Bitwise’s Bitcoin ETF (BITB) and Grayscale’s Bitcoin Trust (GBTC) seeing the largest outflows.

Investors pulled $280 million from BITB, marking its largest-ever outflow, while a massive $158 million flowed out of GBTC—its biggest single-day redemption in three months.

Other Bitcoin ETFs also saw significant outflows. Fidelity’s Wise Origin Bitcoin Fund (FBTC) and ARK Invest’s Bitcoin ETF (ARKB) saw outflows of $135 million and $111 million, respectively.

Meanwhile, Invesco and Valkyrie’s Bitcoin ETFs collectively lost $19 million.

The heavy outflows come as a sharp reversal from last week’s performance, during which U.S. Bitcoin ETFs attracted a total of $3.3 billion in inflows—with BlackRock’s iShares Bitcoin Trust (IBIT) securing over 60% of the total inflows.

The outflows also come amid a bearish turn in the broader crypto market.

Bitcoin’s recent push for $100,000 was thwarted as it fell below $93,000, according to data from CoinGecko. The flagship crypto is now trading at around $94,300, down 3.5% in the last 24 hours.