JPMorgan Reports $358 Million Outflow From Bitcoin ETFs, Halting Multi-Day Inflow Momentum

Bitcoin ETF Inflow Streak Snapped With $358M in Net Outflows, Led by Fidelity and Grayscale

After a 10-day run of consistent inflows, U.S.-listed spot bitcoin ETFs saw a sharp reversal Thursday, recording $358 million in total net outflows, JPMorgan reported Friday.

Fidelity’s FBTC was the biggest contributor to the pullback, shedding $166 million. Grayscale’s GBTC followed closely with $107 million in redemptions, while ARK 21Shares’ ARKB and Bitwise’s BITB saw $89 million and $71 million in outflows, respectively.

The only bright spot came from BlackRock’s iShares Bitcoin Trust (IBIT), which defied the trend by drawing in $125 million in fresh capital.

JPMorgan analysts noted that smaller issuers also recorded modest outflows, reflecting a broader pause in investor enthusiasm.

Bitcoin’s price slipped 1.1% to trade around $105,656 by publication time. However, trading volumes spiked to $5.39 billion — nearly double the 20-day average — signaling that market activity remains strong despite the dip in sentiment.