$700 Million Outflow Occurred in US Spot Bitcoin ETFs

Historic Outflow from Spot Bitcoin ETFs in the U.S.

According to recent data, this week saw an outflow of approximately $709 million from spot Bitcoin ETFs trading in the U.S. This figure marks the highest daily fund outflow registered since November 20. The outflow exceeding $700 million in a single day indicates a significant weakening of risk appetite in the cryptocurrency markets.

Global Uncertainty and Bitcoin’s Decline

According to analyses, as the effects of uncertainty on investors increase, the withdrawal of funds from U.S.-based spot Bitcoin ETFs has replaced the strong institutional demand for Bitcoin observed in recent weeks with a more cautious stance. Spot Bitcoin ETFs are investment funds that track the immediate market price of Bitcoin and trade on exchanges. These funds gain value by directly purchasing Bitcoin, and their prices are determined by the market value of the real Bitcoins held.

Customs Duty Developments and Global Effects

This sharp outflow coincides with U.S. President Donald Trump’s new threats of customs duties against Europe. These statements have brought the risk of a potential trade war back to the fore, creating uncertainty in global markets. Consequently, this situation has led investors to move away from risky assets and take steps to protect their portfolios. As a result, cryptocurrencies have come under significant selling pressure along with stocks.

Impact on Bitcoin Price and Market Value

As a result of the sales wave from spot ETFs, the Bitcoin price fell below $88,000 on Tuesday. After showing limited recovery during the day, Bitcoin later stabilized above $89,000. However, these price fluctuations clearly reveal that investors prefer to remain cautious in the short term. A striking contrast is found between this situation and the strong fund inflows observed at the beginning of January.

Expectations for the Future

This rapid shift observed in a short period shows how quickly the balance in the markets can be disturbed. Experts note that the sudden outflows from ETFs are not limited to the cryptocurrency market alone. The increasing rhetoric around trade wars, rising U.S. bond yields, and tightening financial conditions globally are putting pressure on investor sentiment. As of January, Bitcoin is trading at around $88,715, and it is anticipated that the market will continue to be sensitive to macroeconomic developments and new announcements from the U.S.