Which ETFs led BTC outflows Thursday?

TLDR

Grayscale Bitcoin Mini Trust, BlackRock IBIT, and Fidelity FBTC led Thursdays spot Bitcoin ETF outflows by net redemptions.

1. Grayscale Bitcoin Mini Trust: $318.2 million outflow per SoSoValue data in a market report.
2. BlackRock iShares Bitcoin Trust (IBIT): $256.6 million outflow reported in The Blocks summary.
3. Fidelity Wise Origin Bitcoin Fund (FBTC): $119.93 million outflow; Bitwise BITB trailed at $47.03 million per the same report.

Deep Dive

1. Leaders And Amounts

The largest net outflows Thursday came from Grayscales Bitcoin Mini Trust at $318.2 million, followed by BlackRocks IBIT at $256.6 million and Fidelitys FBTC at $119.93 million. Bitwises BITB also saw $47.03 million leave. These figures are cited across SoSoValue-sourced coverage in Yahoo Finance and The Block.

2. Scale Of The Outflow Day

Total net outflows across U.S. spot Bitcoin ETFs were about $869.9$870 million, the second-largest single-day exit on record since launch, per SoSoValue data summarized by The Block and Yahoo Finance. This magnitude underscores broad de-risking rather than idiosyncratic flows in any single fund.

3. Why Thursday Mattered

Coverage framed Thursdays outflows as risk-off positioning amid macro uncertainty and cooling institutional demand, with comments highlighting pullbacks by large allocators and momentum drag near key price levels. This context appears in The Blocks analysis and a broader rundown in Yahoo Finance.

Conclusion

Thursdays leaders in Bitcoin ETF outflows were Grayscales Mini Trust, BlackRocks IBIT, and Fidelitys FBTC, with totals near $870 million across all spot funds. The concentration of redemptions in top vehicles points to broader risk-off behavior rather than isolated fund-specific effects. Monitoring whether these outflows continue or reverse will help gauge institutional appetite and near-term market resilience.