Bitcoin in 11th place U.S.-listed exchange-traded funds (ETFs) collectively saw outflows totaling $3.79 billion, the largest on record and surpassing the previous peak in outflows of $3.56 billion in February.
BlackRock’s Bitcoin ETF IBIT, the world’s largest exchange-traded fund, has seen redemptions exceeding $2 billion this month, according to data source SoSoValue.
On Thursday alone, these funds saw outflows of more than $900 million, the second withdrawal in a single day since their launch in January 2024.
Ether ETFs also faced record outflows, totaling $1.79 billion.
These figures reflect the growing investor aversion towards the two leading cryptocurrencies in terms of market value. Meanwhile, Solana recently debuted and XRP ETFs saw net inflows of $300.46 million and $410 million, respectively.
