Bitcoin spot ETF net outflows for 4 consecutive days, BlackRock (BLK.US) IBIT lost $78.24 million in a single day

According to Woofun AI, the US Bitcoin spot ETF market is experiencing continuous capital withdrawal pressure. As of the 10th local time, the industry's net outflow in a single day reached 95 million US dollars. Since the 5th, there has been an outflow of capital for 4 consecutive trading days.

This fragmentation of capital flows is particularly evident among leading agencies. iShares Bitcoin Trust (IBIT) under BlackRock (BLK.US) became the main outflow force, with a net outflow of up to $78.24 million in a single day; it is worth noting that the product's single-day outflow even reached US$213 million on the 9th, directly dragging down the asset size of the entire ETF market.

Despite short-term selling pressure, IBIT's cumulative net inflows since its launch in January 2024 have remained the top in the industry, totaling US$64.81 billion. In stark contrast to this, Morgan Stanley's (MS.US) Bitcoin spot ETF MSBT attracted a net inflow of $20.03 million, and its cumulative net inflow since its listing was approximately $825 million.

According to data compiled by Woofun AI, this difference may be due to the different considerations of each ETF in terms of rate structure, investor composition, and institutional portfolio adjustment strategies. Currently, the total net worth of all Bitcoin spot ETFs is $928.24 billion. Market sentiment is clearly pressured by both falling BTC prices and expectations of interest rate hikes.

The rapid rotation of capital among leading products reflects the subtle adjustments in risk appetite among institutional investors. As macro-interest rate expectations resonate with fluctuations in crypto asset prices, the stock game characteristics of the ETF market will be further strengthened, and capital changes in a single product may cause the overall scale of the industry to shrink more frequently.