Record $6.4B Exodus from Bitcoin ETFs in One Month as Crypto Markets Face Downturn
Spot Bitcoin exchange-traded funds listed in the United States experienced their largest net outflow over a 30-day period since their 2024 debut, coinciding with a 17% decline in Bitcoin's value during the same timeframe.
Spot Bitcoin exchange-traded funds traded on US markets have witnessed their most significant 30-day net outflow period since their initial launch in January 2024, occurring during a cryptocurrency market downturn.
Based on information provided by Galaxy Research, Bitcoin ETFs in the United States experienced net outflows totaling $6.35 billion across a trailing period of 30 trading days. This development also follows their sixth consecutive week of outflows recorded last week, resulting in cumulative net flows dropping to $53.4 billion, a decrease from the $63 billion peak achieved in October 2025.
According to Galaxy Research, the daily outflow figures are "still deepening day over day."
These outflows may signal declining enthusiasm from institutional investors toward Bitcoin. Nevertheless, Jay Jacobs, BlackRock's US head of equity ETFs, explained to Cointelegraph on Thursday that numerous alternative explanations exist for why outflows happen on a daily basis.
"What I think is maybe sometimes misunderstood by the market is that if we see a day of outflows, there could be a million reasons why. It could be someone selling IBIT and buying BITA," Jacobs said, making reference to its iShares Bitcoin Premium Income ETF (BITA), which had its launch on Wednesday.
At the time of writing, Bitcoin is currently trading at $64,167, reflecting a 17.4% decrease over the preceding month. The digital asset has faced pressure from various macroeconomic factors, which include rising US inflation levels, in addition to the continuing war between the US and Iran.
Despite this volatility, Jacobs indicated that BlackRock's perspective on Bitcoin remains unchanged, continuing to view it as a global, decentralized, nonsovereign monetary alternative.
"Every asset class has volatility… we have over 450 exchange-traded funds within iShares," said Jacobs, making reference to the collection of ETFs and index mutual funds that are managed and marketed by BlackRock.
"So we see inflows and outflows every day across a wide range of assets from large cap, small cap, Bitcoin, gold, etc. So in the short term, it's absolutely not something that changes the way we view the asset or the utility of the asset."