BTC ETFs Lose $635 Million in a Single Day. What Next?
Investors pulled $635 million from the 11 spot bitcoin funds as inflation fears and weaker momentum pressured the cryptocurrency, SoSoValue said.
- On Wednesday, investors withdrew $635 million from Spot Bitcoin ETFs, the largest single-day net outflow in 105 days, as Bitcoin slipped below $80,000 to trade near $79,538.
- After rallying from $65,000, Bitcoin momentum stalled near the 200-day simple moving average above $82,000 amid resurgent U.S. inflation fears driving the recent decline.
- Over the past five trading days, ETFs bled $1.26 billion total, while the 90-day Pearson coefficient between Bitcoin returns and ETF inflows dropped to 0.16, signaling decoupled institutional flows.
- Markets face a potential sideways grind between $78,000 and $82,000, with $79,000 serving as immediate support and Bitcoin requiring $85,000 to regain momentum.
- Adam Haeems, head of asset management at Tesseract Group, questioned whether macro conditions remain loose enough for flows to drive prices; persistent inflation or hawkish Fed shifts under Warsh could compress Bitcoin further.
26 Articles
26 Articles
Bitcoin Slips Below $80,000 as Spot ETFs Bleed $635 Million in a Day
Bitcoin slipped to roughly $79,400 Thursday morning, down more than 2% over 24 hours, after U.S. spot Bitcoin ETFs shed $635 million on Wednesday, the largest single-day net outflow since January 29, according to SoSoValue data. The bleeding has been consistent, data shows. Over the past five trading days, the 11 U.S.-listed spot Bitcoin ETFs have lost roughly $1.26 billion, dragging cumulative net inflows since the funds’ January 2024 launch do…
Why Is Bitcoin Down Today? BTC Slips Below $80,000 as Hot Inflation, Yields and ETF Wobbles Hit Crypto
Bitcoin dropped below $80,000 Friday, trading at $79,202, down 0.9% as U.S. inflation data and rising Treasury yields pressured crypto markets. U.S. spot Bitcoin ETFs saw net outflows of over $860 million across May 12–13, according to Farside Investors. The 10-year Treasury yield neared a one-year high, and the dollar posted its strongest weekly gain in two months. Ether, Solana, and Cardano also declined. The post Why Is Bitcoin Down Today? BT…
The institutional investors have just stepped on the dry brake. The spot bitcoin ETFs in the United States—those listed funds that own the cryptocurrency directly—recorded on Wednesday’s net departures worth 630 million dollars. It is a figure that marks, by far, the biggest capital hemorrhage since last January. The fact, which breaks a very positive streak of weeks for the sector, confirms what many in the market were already beginning to susp…
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