Bitcoin ETFs See $149M Outflow, Fidelity Leads Selling

Bitcoin ETF Flows Reverse Course

U.S. spot Bitcoin ETFs collectively shed $148.69 million on Wednesday, marking the first net outflow after a nine-session period of consistent inflows. The reversal suggests a cooling in recent demand for these investment vehicles.

Fidelity’s FBTC fund led the selling pressure, though outflows were broad-based across most major crypto ETFs. Ether (ETH), Solana (SOL), Zcash (ZEC), and several other altcoin-focused ETFs also registered declines in assets under management.

The newly listed NEAR Protocol ETF was the exception, attracting modest inflows and offering a small counterpoint to the wider market sentiment. This suggests some investors are selectively targeting altcoin exposure even amid broader Bitcoin ETF outflows.

The shift in flows comes as Bitcoin price action has consolidated in recent days. Market participants are now watching to see if this represents a short-term pause or the beginning of a more sustained correction in ETF demand. Further data will be needed to determine the underlying cause of the outflows – profit-taking, rebalancing, or a change in investor sentiment.

Source: Bitcoin.com News