BlackRock’s IBIT saw the biggest losses, followed by Ark & 21Shares and Fidelity products. Analysts linked the outflows to rising macroeconomic uncertainty, inflation concerns, and the geopolitical tensions between the United States and Iran. Bitcoin also experienced heightened volatility over the past 24 hours.
Bitcoin ETFs Lose $648M in One Day
Spot Bitcoin exchange-traded funds (ETFs) in the United States experienced their largest single-day outflows since late January. According to data from Farside Investors, US spot Bitcoin ETFs recorded a combined $648.6 million in net outflows on Monday, extending last week’s total outflows to roughly $1 billion.
BTC ETF flows (Source: Farside Investors)
The biggest withdrawals came from bigger institutional products. BlackRock’s IBIT led the losses after seeing approximately $448.4 million leave the fund in a single day. Ark & 21Shares’ ARKB followed with $109.6 million in outflows, while Fidelity’s FBTC lost another $63.4 million. Negative flows were also recorded across ETFs operated by Bitwise, VanEck, Invesco, and Franklin Templeton.
Market analysts believe the selloff is a defensive repositioning strategy rather than a complete loss of confidence in Bitcoin. Dominick John, an analyst at Zeus Research, explained that institutions are becoming more tactical with ETF exposure due to increasing uncertainty surrounding interest rates, inflation, and global instability. According to John, many firms are temporarily reducing exposure and keeping capital on the sidelines while waiting for more clarity around macroeconomic conditions and volatility trends.
Over the weekend, Bitcoin fell below the psychologically important $77,000 level as tensions between the United States and Iran intensified. This also pushed oil prices higher and revived concerns that inflation could stay elevated for longer than expected. Rising energy prices often create fears that central banks may delay interest rate cuts, which tends to weigh on risk assets like cryptocurrencies.
Bitcoin’s price action over the past 24 hours reflected the nervous market environment. BTC traded around $79,569 at press time, down roughly 2.1% on the day.
BTC’s price action over the past 24 hours (Source: CoinCodex)
Bitcoin initially climbed toward the $77,500 range before facing heavy selling pressure that dragged the price down below $76,300. Buyers later stepped in to stabilize the market, leading to a recovery attempt. Despite the rebound, Bitcoin struggled to maintain momentum above the $77,000 region.
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