Spot bitcoin ETFs in the U.S. are undergoing their heaviest month of withdrawals yet, with the 11 funds collectively seeing $3.79 billion in outflows — a new record that tops February’s previous high of $3.56 billion.
BlackRock’s IBIT, the largest bitcoin ETF globally, has accounted for a significant share of the retreat, recording more than $2 billion in redemptions this month, according to SoSoValue data.
Withdrawals intensified on Thursday, when the group saw more than $900 million pulled in a single session — the second-largest daily outflow since spot bitcoin ETFs launched in January 2024.
Ether ETFs have followed a similar trend, suffering record outflows of $1.79 billion.
The sharp pullback underscores fading investor appetite for the two biggest crypto assets by market capitalization. However, newly introduced ETFs tied to Solana and XRP have bucked the trend, attracting $300.46 million and $410 million in net inflows, respectively.
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