$358M Pulled From Spot Bitcoin ETFs Thursday, Snapping 10-Day Inflow Streak – JPMorgan

Bitcoin ETFs See $358M in Outflows, Snapping 10-Day Inflow Streak: JPMorgan

Spot bitcoin ETFs listed in the U.S. saw a sharp reversal in investor flows Thursday, ending a 10-day streak of consistent inflows with a net outflow of $358 million, JPMorgan reported Friday.

The pullback was broad-based, with Fidelity’s FBTC leading the exits at $166 million. Grayscale’s GBTC followed with $107 million in redemptions, while ARK 21Shares (ARKB) and Bitwise’s BITB saw $89 million and $71 million in outflows, respectively.

BlackRock’s iShares Bitcoin Trust (IBIT) was the lone bright spot, bringing in $125 million despite the broader market retreat.

Bitcoin itself slipped 1.1% during the session, but trading activity remained strong. Daily volume reached $5.39 billion, nearly double the 20-day average of $2.81 billion, signaling continued interest even amid a cooling of ETF enthusiasm.

JPMorgan said smaller outflows across the remaining issuers suggest a wider but measured profit-taking wave, as investors recalibrate positions following the recent rally.