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US spot Bitcoin ETFs log $479.61 million in net outflows…risk-off sentiment spreads
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Summary
- US spot Bitcoin ETFs saw $479.61 million in net outflows in a single day, sharply weighing on investor sentiment.
- Across major ETFs including GBTC, FBTC and IBIT, withdrawals and selling pressure were evident, suggesting a broader risk-off phase has taken hold.
- The market attributed the moves to Bitcoin breaking below key support alongside macro uncertainty and geopolitical risk, prompting profit-taking and position reductions by ETF investors.
Investor sentiment soured sharply after about $479.61 million flowed out of spot Bitcoin exchange-traded funds (ETFs) in a single day. The risk-off tone sweeping global financial markets appears to have spread to crypto ETFs as well.
According to data compiled by TraderT on the 21st, total net outflows from US spot Bitcoin ETFs stood at $479.61 million as of Jan. 20 (local time). With withdrawals seen across most ETFs, the market is said to have entered a broader risk-off phase.
By product, Grayscale Bitcoin Trust (GBTC) posted the largest outflow, with $160.84 million leaving the fund. Fidelity’s FBTC also recorded $152.13 million in net outflows. BlackRock’s IBIT saw $56.87 million in net outflows as well, underscoring selling pressure across major ETFs.
Elsewhere, Bitwise’s BITB saw $40.38 million in outflows, ARK Invest’s ARKB $46.37 million, Franklin’s EZBC $10.36 million, and VanEck’s HODL $12.66 million. In contrast, Invesco’s BTCO, Valkyrie’s BRRR, WisdomTree’s BTCW, and Grayscale Mini Trust BTC posted neither net inflows nor net outflows.
Market participants say profit-taking and position reductions by ETF investors likely occurred simultaneously as macro uncertainty and geopolitical risks piled up after Bitcoin broke below key support levels. The concentration of outflows in established large products such as GBTC and FBTC is seen as highlighting a more cautious stance among institutional investors.
