Bitcoin ETFs Face $494M in Outflows Over Three Days as Price Stagnates

Bitcoin (BTC) remains locked in a tight trading range as U.S. spot bitcoin exchange-traded funds (ETFs) experience a wave of outflows, totaling $494 million over the past three days.

Wednesday marked the largest single-day outflow of the period, with $251 million exiting the market. Fidelity’s Wise Origin Bitcoin Fund (FBTC) saw the most significant withdrawals, losing $102 million, while BlackRock’s iShares Bitcoin Trust (IBIT) recorded $22.1 million in outflows, according to data from Farside.

ETF trading activity has also been subdued, with total volume reaching just $2.58 billion on Wednesday. IBIT, which typically ranks among the top five most traded ETFs during bitcoin rallies, fell to the tenth spot, registering under $2 billion in volume, per Coinglass data.

The recent 13F filing from Goldman Sachs reflects weak demand for bitcoin ETFs, highlighting that most institutional players are not taking aggressive long positions and instead treating the funds primarily as trading instruments.

Bitcoin is currently trading at $96,000, maintaining its position within the well-established $90,000 to $109,000 range that has defined price action since mid-November.