Bitcoin spot ETFs logged $82 million in net outflows on Thursday, according to data, snapping a recent run of positive flows. Fidelity's FBTC fund was the exception — it posted net inflows while the rest of the category bled.
The $82 million outflow
The net outflow figure covers all 11 US spot bitcoin ETFs that began trading last year. Thursday's $82 million exit is one of the larger single-day redemptions in recent weeks. The data doesn't break out which specific funds drove the outflow, but the aggregate number suggests broad selling pressure across the product class.
FBTC's opposite direction
Fidelity's FBTC stood alone among the group. While the facts don't detail the exact amount FBTC attracted, the fund clearly moved against the current. FBTC has been one of the larger spot ETFs by assets, and its ability to draw inflows during a sector-wide pullback could reflect something about investor preference – though exactly what isn't clear from the numbers alone.
The divergence leaves a question hanging: will FBTC keep pulling in money if outflows continue, or was Thursday just a one-day blip? No one's predicting yet. But for a market that's been watching ETF flows like a hawk, this split is worth noting.
