U.S. spot bitcoin ETFs are on track for their worst month yet, with all 11 products reporting a combined $3.79 billion in outflows — eclipsing the previous monthly record of $3.56 billion set in February.
BlackRock’s flagship IBIT fund, the largest bitcoin ETF in the world, has been hit hardest, shedding more than $2 billion so far this month, according to figures from SoSoValue.
The pressure intensified on Thursday as the group logged more than $900 million in redemptions, the second-biggest single-day withdrawal since these ETFs launched in January 2024.
Ether-based ETFs have also come under significant strain, posting a record $1.79 billion in outflows.
The broad retreat signals waning investor confidence in the two dominant crypto assets. Meanwhile, newer ETFs tied to Solana and XRP continue to attract capital, bringing in $300.46 million and $410 million in net inflows, respectively.
