Which ETFs cut BTC holdings?

TLDR

Several US spot Bitcoin ETFs reported net redemptions this week. The largest cuts were in Grayscale, BlackRocks IBIT, and Fidelitys FBTC per recent fund flow tallies.

1. Biggest daily outflows: Grayscale Mini BTC (~$318.2M), IBIT (~$256.6M), FBTC (~$119.9M) documented in a market update from The Block.
2. Other funds with outflows included GBTC, ARK 21Shares ARKB, Bitwise BITB, VanEck HODL, Invesco BTCO, Valkyrie BRRR, and Franklin EZBC per the same report.
3. Aggregate pressure was heavy, with total net outflows near ~$870M in one day and ~$1.1B over the week depending on the cut, confirmed across multiple news summaries.

Deep Dive

1. Largest Daily Cuts

The single biggest daily reductions cited this week were Grayscales Mini BTC at about $318.2M, BlackRocks IBIT at $256.6M, and Fidelitys FBTC at $119.9M. These numbers were noted alongside commentary that risk-off sentiment drove broad redemptions in the spot ETF set, placing the session among the largest since launch, per a detailed flow breakdown from The Block.

2. Additional ETFs Showing Outflows

Beyond the top three, outflows also hit Grayscales GBTC and ETFs from Ark and 21Shares (ARKB), Bitwise (BITB), VanEck (HODL), Invesco (BTCO), Valkyrie (BRRR), and Franklin Templeton (EZBC). This broad participation was described in the same daily recap from The Block.

3. Magnitude and Context

The sessions net outflows were roughly $869.9M, the second-largest on record, and the weekly sum reached about $1.11B in some tallies, showing persistent pressure across multiple days of trade, corroborated by summaries on Yahoo Finance and CoinDesk.

Conclusion

This weeks net redemptions were broad and concentrated in the largest BTC ETFs, marking one of the biggest daily outflow prints on record. The breadth and magnitude indicate macro-driven de-risking rather than a single-fund anomaly, so sustained stabilization likely requires improving risk sentiment and a turn in ETF flow trends.