Bitcoin ETF outflows record a new high. US-listed spot Bitcoin ETFs saw their biggest 30‑day net outflow since launching in 2024.
According to Galaxy Research, these funds recorded $6.35 billion in net outflows over a trailing 30 trading days. Additionally, they registered their sixth week of outflows last week. Consequently, cumulative net flows have dropped to $53.4 billion, down from their $63 billion peak in October 2025.
Why Bitcoin ETF outflows record matters
The outflows come as Bitcoin fell 17% over the past month. Galaxy Research noted that daily outflows are “still deepening day over day.”
This trend could reflect waning institutional sentiment for Bitcoin. Nevertheless, BlackRock US head of equity ETFs Jay Jacobs offered a different perspective. He announced on Thursday that there are many reasons why outflows occur day to day.
“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. He was referring to its iShares Bitcoin Premium Income ETF (BITA), which launched on Wednesday.
Macro pressures weigh on Bitcoin
At the time of writing, Bitcoin trades at $64,090, down 17.4% over the past month. Specifically, macroeconomic factors have pressured the asset. These include an increase in US inflation and the ongoing war between the US and Iran.
However, Jacobs said the volatility hasn’t impacted BlackRock’s view of Bitcoin. He still sees it as a global, decentralized, non sovereign monetary alternative.
“Every asset class has volatility… we have over 450 exchange‑traded funds within iShares,” Jacobs said. “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.”
