The cryptocurrency market faced a significant setback on Monday as Bitcoin ETFs recorded a collective net outflow of $435 million. This comes as Bitcoin’s price dipped below $93,000, marking a bearish shift in the market.
<h2>BlackRock’s IBIT Defies the Trend</h2>
Among the eleven Bitcoin ETFs, BlackRock’s iShares Bitcoin Trust (IBIT) stood out, attracting $268 million in net inflows. Grayscale’s Bitcoin Mini Trust (BTC) also recorded modest <a href="https://farside.co.uk/btc/" target="_blank" rel="noopener">inflows</a> of $400,000. However, other prominent funds experienced substantial redemptions.

Bitwise’s Bitcoin ETF (BITB) saw its largest-ever outflow of $280 million, while Grayscale’s flagship Bitcoin Trust (GBTC) recorded $158 million in redemptions, its most significant single-day loss in three months. Fidelity’s Wise Origin Bitcoin Fund (FBTC) and ARK Invest’s Bitcoin ETF (ARKB) also faced notable outflows of $135 million and $111 million, respectively.
<h3>Broader Market Sentiment Turns Bearish</h3>
The outflows follow a strong week where Bitcoin ETFs garnered $3.3 billion in inflows, with BlackRock’s IBIT capturing over 60% of that amount. However, Bitcoin’s recent push toward $100,000 was thwarted, with the cryptocurrency now trading around $94,300—a 3.5% decline in the past 24 hours, according to CoinGecko.

Long-term holders added to the selling pressure, offloading over 461,000 BTC since Bitcoin’s recent peak above $99,000. Despite the bearish turn, some analysts anticipate a potential rebound if prices stabilize and investor demand reaccelerates.
<h2>MicroStrategy Makes a Bold Move</h2>
Adding to market dynamics, MicroStrategy announced its largest Bitcoin purchase to date—55,500 BTC worth $5.4 billion—signaling continued institutional interest.

As macroeconomic factors, including inflation data and Federal Reserve policy, remain in focus, the near-term trajectory of Bitcoin and related ETFs will be closely watched by investors.

<em><strong>Disclaimer: </strong></em>The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Bitcoin ETFs Witness $435M Outflows as BTC Drops Below $93K

Bitcoin ETFs face $435M outflows amid BTC's dip below $93K. BlackRock’s IBIT stands out with $268M inflows, despite a bearish crypto market.

Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more
than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

Bitcoin ETFs Witness $435M Outflows as BTC Drops Below $93K

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