Bitcoin Spot ETF Outflow Of 480 Billion Won…Acceleration Of IBIT Center Exit Trend

Bitcoin Spot ETF Outflow Trend (Source: @thepfund, X)

Signs of weakening investment sentiment are becoming clearer as large-scale funds are withdrawn from the United States Bitcoin spot ETF.

According to Trader T on the 9th (local time), the total net outflow size of Bitcoin spot ETFs in the United States on the 8th day alone reached approximately $326.55 million (approximately 483.3 billion won). This is interpreted as reflecting market short-term anxiety, setting a record for a net outflow for four consecutive trading days.

The largest fund outflow occurred from BlackRock's IBIT. Just from a single ETF, $253.18 million was withdrawn, which accounts for 77% of the total outflow. Bitwise's BITB also saw an outflow of $21.71 million, and Ark Invest's ARKB had $19.90 million withdrawn, with small outflows continuing from products like Grayscale (GBTC and Mini BTC), Invesco, and Franklin Templeton.

On the other hand, some ETFs like Fidelity (FBTC), Valkyrie (BRRR), VanEck (HODL), and WisdomTree (BTCW) maintained a zero (0) state, with neither outflows nor inflows.

This fund outflow appears to be the result of a combination of factors such as the recent US-China trade tariff conflicts, the sharp rise in US treasury yields, and the uncertainty of Fed monetary policy. The dominant interpretation is that investors are reinforcing risk-aversion tendencies and withdrawing funds from Bitcoin spot ETFs near their peak.

In the market, the ETF outflow trend may continue for some time, but whether global liquidity reexpansion occurs is seen as the key factor that will determine the Bitcoin trend.