Bitcoin ETFs lost $643 million in outflows Friday, and 2026 is barely green now
Source: CoinDesk ·
From the source
The first trading day after the Binance hack saw the biggest ETF outflow since June 25. The U.S.-listed spot bitcoin BTC $78,068.65 exchange-traded funds (ETFs) on Friday gave back most of what they pulled in this year in investor money. These funds, often considered a proxy for institutional demand, registered a net outflow of $643.3 million, the biggest single-day exodus since June 25, according to data source SoSoValue . Before Friday, the funds were sitting on a net year-to-date inflow of just over $1 billion. In other words, Friday’s outflow shaved off 63.6% of the year-to-date net inflow. It was also the 12th largest single-day outflow since the funds began trading in January 2024. The last bigger one came on June 25, when investors yanked $696.3 million. BlackRock’s IBIT led outflows Friday, losing $233.70 million, followed by Fidelity’s FBTC, losing $201.4 million. ETFs are investment funds that hold bitcoin directly and list tradable units of it on an exchange, allowing…