U.S.-listed Bitcoin spot ETFs encountered a collective net outflow of $96.14 million on Tuesday, the largest daily reduction since April 16, according to Glassnode data.
None of the twelve active BTC ETFs reported net inflows, indicating a temporary pullback by institutional investors. This pause occurred as Bitcoin failed to maintain momentum above the $105,000 resistance, despite recent positivity surrounding U.S.-China trade negotiations.
However, the focus was on Fidelity’s FBTC, which experienced a significant $91.39 million outflow, the largest single-day capital movement among the major Bitcoin ETFs.
Apart from FBTC, Hashdex’s DEFI ETF also saw a minor withdrawal of $4.75 million, making it the second fund to report a net outflow for the day.
Meanwhile, other prominent ETFs like BlackRock’s IBIT, Grayscale’s GBTC, Ark & 21Shares’ ARKB, and VanEck’s HODL all showed $0 in net inflows, indicating a pause in fresh institutional purchases.
Despite the lack of inflows, almost all ETFs traded at slight premiums:
VanEck’s HODL led with a +0.30% premium
Bitwise’s BITB closely followed at +0.29%
Ark & 21Shares’ ARKB and Valkyrie’s BRRR both displayed a +0.26% premium
Hashdex’s DEFI stood out again, being the only ETF trading at a discount (–0.07%), which could indicate investor caution following the outflow.
