$BTC Investors Hit the Brakes: Bitcoin ETF Sees Outflow of Funds

After eight days of continuous capital inflow into Bitcoin ETFs, an unexpected turn occurred on Wednesday — $56.2 million was withdrawn from the funds, marking the first net outflow since April 16. This could be a signal of temporary cooling of interest from institutional investors, especially against the backdrop of prolonged BTC consolidation in the range of $93,749–$95,427.

Interestingly, the iShares Bitcoin Trust (IBIT) from BlackRock stood out among others, attracting $267 million. The total inflow into IBIT has already exceeded $42.6 billion. In contrast, Fidelity's FBTC fund lost $137 million in a single day, although it remains in the positive with a total of $11.6 billion.

Activity in BTC futures has slightly decreased — open interest fell by 1% to $61.5 billion. This indicates caution among market participants: old positions are being closed, and new ones are not being hurried to open.

However, in the options market, there is a predominance of call contracts, which could indicate hope for a price increase in the near future.