Which ETFs led last week redemptions?

TLDR

The largest redemptions last week were in iShares Bitcoin Trust ETF (IBIT) and Grayscale Bitcoin Mini Trust (BTC). IBIT saw about $532.41 million in outflows, while Grayscale Mini lost ~$290 million per flow data.

1. IBIT led outflows with $532.41 million last week, per SoSoValue-reported figures on flows.
2. Grayscale Bitcoin Mini Trust followed with ~$290 million in weekly redemptions per the same report.
3. Total US spot Bitcoin ETF net outflows were ~$1.1 billion for the week, per a separate update.

Deep Dive

1. IBIT Leads

IBIT posted the largest net outflows among US spot Bitcoin ETFs last week at $532.41 million. This is consistent with broader risk-off behavior and liquidity tightening that has weighed on institutional flows, per the SoSoValue summary shared in a flow report.

2. Grayscale Mini Second

Grayscale Bitcoin Mini Trust (BTC) recorded nearly $290 million in weekly outflows, placing it second in redemptions for the period per the same flow report. CryptoSlate also noted Mini led single-day outflows midweek, illustrating concentrated selling pressure on that day, though that was a daily, not weekly, snapshot in a separate analysis.

3. Weekly Context

US spot Bitcoin ETFs collectively saw roughly $1.1 billion in net outflows for the week, the fourth-largest weekly withdrawal on record, coinciding with a ~9.9% drop in BTC price per a weekly summary. A few funds were less affected or even eked small inflows, but the aggregate trend was decisively negative.

Conclusion

Last weeks redemptions were led by IBIT and Grayscale Mini, with aggregate US spot Bitcoin ETF outflows near $1.1 billion. The cause and effect are clear: tightening liquidity and weaker risk appetite drove outflows, which coincided with broader price weakness. Watching weekly flow rankings and macro data is key to judging when redemptions abate.