iShares Bitcoin Trust Loses $86.5M as Spot ETFs Shed $173.7M
BlackRock’s iShares Bitcoin Trust saw $86.52 million in net outflows on April 1 as U.S. spot Bitcoin ETFs recorded $173.73 million in withdrawals at the start of Q2. Total assets in the category fell to $87.71 billion while Bitcoin traded near $68,176, underscoring persistent institutional selling.
1. April 1 Broader Spot Bitcoin ETF Flows
On April 1, U.S. spot Bitcoin ETFs recorded $173.73 million in net outflows, extending the Q1 total of roughly $500 million in redemptions despite a March recovery that brought back $1.32 billion.
2. iShares Bitcoin Trust Outflows and Peer Comparison
IBIT led redemptions with $86.52 million withdrawn, compared with $78.64 million for Fidelity’s FBTC and $13.26 million for GBTC, while the lower-cost Bitcoin Mini Trust attracted $10.25 million, highlighting investors’ fee sensitivity.
3. Asset Totals and Market Context
Total net assets across all spot Bitcoin ETFs fell to $87.71 billion as Bitcoin traded near $68,176, and outlook now hinges on renewed institutional demand, progress on U.S. crypto regulation and shifts in monetary policy.