Investors Pull $171.2M from Bitcoin ETFs as Yields Rise to 4.40%
Investors withdrew $171.2 million from US spot Bitcoin ETFs in the largest single-day outflow in three weeks, with $41.9 million exiting iShares Bitcoin Trust and over $30 million each from Fidelity, Bitwise and Ark funds. A 45 basis-point rise in 10-year Treasury yields to 4.40% intensifies pressure on crypto assets.
1. ETF Outflows Surge
Investors pulled $171.2 million from US spot Bitcoin ETFs, marking the largest daily net outflow in three weeks. The sell-off was led by $41.9 million exiting iShares Bitcoin Trust, while Fidelity, Bitwise and Ark funds each saw outflows exceeding $30 million.
2. Institutional Demand Persists
Despite the recent withdrawals, earlier inflows during periods of price weakness indicate that institutional investors continue to hold long-term positions in Bitcoin. The market’s failure to trigger forced liquidations during this downturn suggests a more resilient investor base.
3. Rising Yields Pressure Crypto
The US 10-year Treasury yield has climbed 45 basis points to 4.40%, enhancing the appeal of government bonds over non-yielding assets. Analysts warn that further increases toward the 4.50%–4.60% range could accelerate portfolio rebalancing away from Bitcoin ETFs.