BlackRock’s Bitcoin ETF just took a hit, logging its steepest outflow in over two months as $292.5 million exited the fund on Monday — www.naijnaira.com reports. The pullback followed Bitcoin’s weekend slip, where it briefly fell below $113K before clawing its way back above $115K.
According to Cointelegraph, Friday also saw a minor outflow, snapping a 37-day inflow streak and signaling a slowdown in momentum for spot Bitcoin ETFs across the board. Fidelity’s FBTC dropped $40 million, while GBTC lost $10 million. Bitwise was the only fund with a positive swing, gaining $18.7 million.
Even with this recent setback, BlackRock’s iShares Bitcoin Trust still saw a massive $5.2 billion inflow in July alone, contributing 9% of total net inflows since January’s launch.
“Digital assets and hedge funds have picked up speed this year, stealing share from private equity,” JPMorgan’s Nikolaos Panigirtzoglou told Bloomberg.
Analysts say that institutional interest in digital assets remains strong, with over $60 billion in inflows so far in 2025.
Volatility in Bitcoin has also cooled, with BlackRock’s IBIT showing sub-40 volatility levels for the first time.
“There’s less drama now—no gut-wrenching drops,” said ETF expert Eric Balchunas.
Article updated 3 weeks ago. Content is written and modified by multiple authors.
