{"id":365,"date":"2026-05-14T14:21:53","date_gmt":"2026-05-14T14:21:53","guid":{"rendered":"https:\/\/1stblock.info\/?p=365"},"modified":"2026-05-14T14:21:53","modified_gmt":"2026-05-14T14:21:53","slug":"bitcoin-spot-etfs-bleed-635m-in-single-day-largest-outflow-since-january","status":"publish","type":"post","link":"https:\/\/1stblock.info\/?p=365","title":{"rendered":"Bitcoin Spot ETFs Bleed $635M in Single Day, Largest Outflow Since January"},"content":{"rendered":"\n

U.S. spot Bitcoin ETFs recorded $635 million<\/strong> in net outflows on Wednesday, the largest single-day redemption since January 29, according to SoSoValue data<\/em>. The exit pushed cumulative net inflows since the January 2024 launch down to $58.5 billion<\/strong> from $59.76 billion<\/strong> a week earlier, erasing weeks of accumulated demand in five trading sessions.<\/p>\n\n\n\n

Fidelity’s FBTC led the losses with $284.7 million<\/strong> in redemptions, followed by Ark 21Shares’ ARKB at $177.1 million<\/strong>, BlackRock’s IBIT at $133.2 million<\/strong>, and Bitwise’s BITB at $35.4 million<\/strong>, per Farside Investors<\/em>. The concentration mirrors the asymmetry that drove the inflow phase: the same handful of issuers that absorbed most of April’s $1.97 billion<\/strong> monthly intake are now absorbing most of the exit pressure.<\/p>\n\n\n\n

Macro is doing the work. Tuesday’s CPI print came in at 3.8%<\/strong> year-over-year, the hottest reading in nearly three years and above the 3.7% consensus. Wednesday’s producer price index followed with +1.4%<\/strong> month-over-month against a 0.5% forecast. The back-to-back inflation surprises compressed expectations for Federal Reserve easing, and the 10-year Treasury yield climbed near 4.5%<\/strong>, CoinDesk reported<\/em>. BTC<\/strong> traded around $79,400<\/strong> on Thursday, down roughly 2%<\/strong> on the day and about 37%<\/strong> below October’s record above $126,000<\/strong>.<\/p>\n\n\n\n

The signal hidden in the data is the changing relationship between flows and price. Glassnode’s 7-day moving average of spot ETF netflows dropped to negative $88 million per day<\/strong>, the weakest reading since mid-February. The firm noted in a Thursday post<\/em> that February’s outflows occurred into price weakness, while this wave is selling into strength \u2014 institutional participants appear to be using the recovery rally above $80,000 as an exit rather than panic-selling. The estimated ETF holder cost basis sits near $82,100<\/strong>, providing a structural ceiling on positioning.<\/p>\n\n\n\n

The broader ETF complex is following. Ethereum ETFs added $36 million<\/strong> in outflows, extending a three-session losing streak to nearly $184 million<\/strong> in withdrawals. Two cautions for readers. First, the 90-day Pearson correlation between BTC daily returns and ETF flow changes has dropped to 0.16<\/strong> \u2014 statistically near zero, against a February peak of 0.68 \u2014 so daily flow prints carry less directional information than they did six months ago. Second, large single-session redemptions still matter at the margin, particularly when they cluster ahead of catalysts like the Senate Banking Committee’s CLARITY Act vote scheduled for Thursday morning.<\/p>\n","protected":false},"excerpt":{"rendered":"

U.S. spot Bitcoin ETFs recorded $635 million in net outflows on Wednesday, the largest single-day redemption since January<\/p>\n","protected":false},"author":2,"featured_media":252,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-365","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-eft"],"brizy_media":[],"_links":{"self":[{"href":"https:\/\/1stblock.info\/index.php?rest_route=\/wp\/v2\/posts\/365","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/1stblock.info\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/1stblock.info\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/1stblock.info\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/1stblock.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=365"}],"version-history":[{"count":1,"href":"https:\/\/1stblock.info\/index.php?rest_route=\/wp\/v2\/posts\/365\/revisions"}],"predecessor-version":[{"id":366,"href":"https:\/\/1stblock.info\/index.php?rest_route=\/wp\/v2\/posts\/365\/revisions\/366"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/1stblock.info\/index.php?rest_route=\/wp\/v2\/media\/252"}],"wp:attachment":[{"href":"https:\/\/1stblock.info\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1stblock.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1stblock.info\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}