Bitcoin ETF · Bitcoin · CoinDesk
The 11 U.S.-listed spot bitcoin ETFs lost a combined $733.43 million on Wednesday
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The selling landed on the same day bitcoin broke below $73,000.
Key facts
- The 11 U.S.-listed spot bitcoin ETFs lost a combined $733.43 million on Wednesday, with Fidelity's FBTC shedding $60.30 million and Grayscale's GBTC losing $104.76 million alongside the IBIT draw
- IBIT's biggest outflow on record remains the $528.3 million pulled on Jan. 30, which Wednesday's draw came within about $500,000 of matching
- Bitcoin has dropped from above $82,000 on May 6 to under $73,000 now, and the ETF channel that drove the 2025 rally has spent the month pulling money the other way
- BlackRock's iShares Bitcoin Trust shed $527.84 million on Wednesday, the second-largest single-day net outflow since the fund launched in January 2024, per SoSoValue data
Summary
BlackRock’s iShares Bitcoin Trust saw $527.84 million in net outflows on Wednesday, its second-largest single-day withdrawal since launching in January and shy of its record. The 11 U.S. spot bitcoin ETFs together lost $733.43 million that day, extending a multi-session streak of outflows that has pulled more than $2 billion from the complex over two weeks as bitcoin slid below $73,000. A $1.29 billion dark-pool block sale in IBIT on Tuesday and May’s shift from ETF accumulation to distribution suggest institutional investors are trimming bitcoin exposure amid heightened Middle East tensions and macro uncertainty. BlackRock's iShares Bitcoin Trust shed $527.84 million on Wednesday, the second-largest single-day net outflow since the fund launched in January 2024, per SoSoValue data. The figure missed the record by a razor-thin margin.