THE BLOCK: Spot Bitcoin ETFs post $89.9 million net outflows; BlackRock's IBIT takes in $69.9 million

AI Market Summary

Net outflows from spot bitcoin ETFs ($89.9m) and spot ether ETFs ($50.8m) signal near-term risk-off positioning in regulated crypto vehicles. Although BlackRock's IBIT posted $69.9m in inflows, larger redemptions from FBTC and ARKB drove aggregate bitcoin ETF selling, potentially tightening marginal demand for BTC and weighing on broader crypto sentiment via liquidity and positioning channels.

Impact level

● Medium

Affected assets

BTC/USDT+0.54%

AI Insight · BTC/USDTAI Insight

▼ Bearish

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THE BLOCK: U.S. spot bitcoin ETFs recorded $89.9 million in net outflows on Monday. BlackRock's iShares Bitcoin Trust (IBIT) attracted $69.9 million of net inflows, but that was outweighed by redemptions from Fidelity's FBTC and Ark & 21Shares' ARKB. Spot ether ETFs also saw withdrawals, logging $50.8 million in net outflows. bitcoin:native ethereum:native

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