JPMorgan: Spot Bitcoin ETFs End 10-Day Inflow Run With $358 Million in Withdrawals

Bitcoin ETF Inflows Stall as $358M Exits Market in First Daily Outflow Since Mid-May: JPMorgan

After a 10-day streak of inflows, U.S.-listed spot bitcoin ETFs recorded net outflows totaling $358 million on Thursday, according to a JPMorgan report published Friday.

The downturn in ETF flows marks a shift in sentiment, with only BlackRock’s iShares Bitcoin Trust (IBIT) defying the trend by drawing in $125 million in new capital. Meanwhile, Fidelity’s Wise Origin Bitcoin Fund (FBTC) led the withdrawals with $166 million in redemptions.

Other major products, including the Grayscale Bitcoin Trust (GBTC), ARK 21Shares (ARKB), and Bitwise Bitcoin ETF (BITB), reported outflows of $107 million, $89 million, and $71 million respectively. JPMorgan also cited smaller outflows among the remaining ETF issuers.

Despite the outflows, trading volumes surged to $5.39 billion—well above the 20-day average of $2.81 billion—indicating continued market engagement. Bitcoin dipped 1.1% during the session, hovering around $105,656 at the close.

The figures underscore a momentary pullback in institutional interest after a strong run, as investors weigh macroeconomic uncertainty and crypto market volatility.

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