Bitcoin ETF Inflows: BTC-USD Slides to $64,000 While IBIT ETF Defies $272M Outflow Wave

Bitcoin ETF flows – BTC-USD slams to ~$64,000 as spot funds flip back to heavy outflows

BTC-USD drops over 13% as spot Bitcoin ETF complex prints $272 million in net outflows

Bitcoin (BTC-USD) is trading back around $64,000–$65,000 after a sharp single-day slide of roughly 11%–13%, erasing a big part of the recent upside spike. That drawdown is mirrored inside the U.S. spot ETF universe, where the latest session shows about $272 million in net outflows from Bitcoin funds. The tone has shifted from aggressive accumulation to risk-management selling and profit-taking, but the flows show repositioning, not a full exit from the asset class. Large accounts are rotating, consolidating and cutting leverage while keeping core exposure through the most liquid wrappers.

IBIT – the only major Bitcoin ETF still attracting cash while rivals bleed assets

Inside that $272 million net outflow, iShares Bitcoin Trust ETF (IBIT) is the clear outlier. While most Bitcoin spot ETFs saw money pulled, IBIT recorded about $60.03 million of net inflows. The red side of the tape is broad: Fidelity’s FBTC lost about $148.70 million, ARKB roughly $62.50 million, GBTC around $56.63 million, Grayscale’s Bitcoin Mini Trust about $33.80 million, Bitwise BITB close to $23.42 million, VanEck’s HODL nearly $4.81 million, and Franklin’s EZBC roughly $2.19 million. One product absorbing inflows while peers act as exit doors is a classic sign of institutional consolidation into the deepest, cheapest, most scalable vehicle as volatility rises.

IBIT price reset – $36.16 after a 13% daily hit, near the bottom of its trading range

Price action in IBIT mirrors the underlying stress in BTC-USD. The fund last trades near $36.16, down about 13.03% on the session from a previous close at $41.57, after moving between $35.92 and $40.15 intraday. That sits close to the lower edge of its $35.92 to $71.82 52-week range. A move of this size confirms that a meaningful block of short-term money was still in the product at higher levels and is now holding losses. Some of that capital will capitulate if Bitcoin pushes lower, but the fact that fresh cash is coming in on the same day shows long-horizon accounts are actively using this reset as an entry point rather than exiting.

Total Bitcoin ETF assets slip back under $100 billion but flows stay highly active

Aggregate numbers underline the scale of the adjustment without signaling structural damage. After the latest redemptions, total net assets across U.S. spot Bitcoin ETFs have fallen back below $100 billion to about $97.01 billion, down from recent peaks above that psychological line. At the same time, trading activity remains intense, with about $8.59 billion in turnover across the complex in the session. That combination – shrinking AUM but huge volume – shows an ecosystem that is de-levering and rotating, not freezing. Capital is being re-cut and re-allocated quickly as BTC-USD reprices, but liquidity in the ETFs remains deep.

Rotation, not capitulation – Ether, XRP and Solana ETFs quietly attract inflows

The most important confirmation that this is rotation and not exit is in the altcoin ETF tape. Ether spot ETFs ended the day with about $14.06 million in net inflows. BlackRock’s ETH product attracted roughly $42.85 million, while Grayscale’s Ether Mini Trust and ETHE added a combined $27.37 million, partially offset by a $54.84 million outflow from Fidelity’s FETH and a smaller exit from VanEck’s ETHV. XRP spot ETFs brought in around $19.46 million net, led by Franklin’s XRPZ at $12.13 million, Bitwise’s XRP at $4.82 million, and Grayscale’s GXRP at $2.51 million, on about $49.17 million in volume and roughly $1.11 billion of net assets. Solana spot ETFs added about $1.24 million net, with inflows into FSOL ($1.19 million), SOEZ (about $856,000) and QSOL (about $354,000), offset by redemptions from VSOL and TSOL, on $58.02 million traded and around $854.30 million of net assets. The message is straightforward: money leaving Bitcoin ETFs is not simply going to cash, it is being selectively re-deployed into Ether, XRP and Solana exposure.

BTC-USD reprices with the macro tape – high-beta risk asset under pressure again

The backdrop for these flows is a broader risk-off reset. BTC-USD, recently trading above $80,000, is now hovering near $64,000, a drop large enough to push it close to or below some estimates of average mining cost and to revive downside scenarios toward the high-$30,000s if selling extends. At the same time, global risk assets are wobbling, rate expectations are shifting and liquidity is being repriced across equities and credit. In that environment, Bitcoin behaves like a high-beta macro asset more than a defensive store of value. The $272 million ETF outflow is the regulated expression of that repricing. Yet the ongoing inflows into non-Bitcoin crypto ETFs prove that institutional allocations are being rotated and differentiated, not abandoned.

IBIT’s tape shows consolidation into the flagship wrapper, not a collapse in demand

Looking specifically at IBIT, three signals stand out. The first is scale: with a market capitalization on the card of about $163.90 billion and average daily volume around 59.58 million shares, IBIT has become the primary institutional gateway to BTC-USD. The second is holder behavior: a 13% price hit from $41.57 to $36.16, with trades printed as low as $35.92, confirms a clear flush of late entries and leveraged positions, but the simultaneous $60.03 million inflow shows that stronger hands are stepping in. The third is optionality: for accounts that refused to chase higher levels, this is the first substantial pullback since the spot ETFs launched, giving them Bitcoin exposure via IBIT near the bottom of its range instead of paying anywhere close to $71–$72.

What the Bitcoin ETF flows say about positioning in BTC-USD and IBIT now

The combined tape paints a clean picture. Bitcoin spot ETFs lost roughly $272.02 million in net assets in one session and total AUM slipped to about $97.01 billion, but flows remain extremely active and strongly clustered. Legacy and higher-fee products like GBTC and smaller wrappers are carrying the outflow burden, while IBIT continues to grow. Parallel inflows into Ether, XRP and Solana ETFs – about $14 million, $19 million and $1 million respectively – confirm that capital is rotating within crypto rather than leaving the asset class. BTC-USD has already absorbed a double-digit percentage hit back toward $64,000, cleaning up part of the leverage and weak hands installed at higher prices. The structure of the flows points to a market in the middle of a shake-out phase, not at the end of a cycle.

Bitcoin ETF inflows and IBIT – Buy, Sell or Hold at these levels?

On this tape, the stance on Bitcoin exposure through IBIT is Buy on weakness with full recognition of high volatility risk. The numbers justify it. BTC-USD has already repriced more than 10%–15% in a single day. Spot ETF AUM is off its highs but still near $97 billion, not collapsing. The worst outflows are concentrated in secondary products, not in IBIT, which continues to attract new capital even as its price resets from $41.57 to $36.16 inside a $35.92–$71.82 annual range. Simultaneous inflows into Ether, XRP and Solana show that the allocation story is evolving, not dying. Another wave of redemptions is still possible if BTC-USD breaks lower, and any position in IBIT at these levels has to tolerate deep swings. But the flow structure, liquidity profile and price reset argue that this phase is building the next base for regulated Bitcoin exposure rather than marking an exhausted top, making current levels attractive for multi-year capital that can absorb further volatility.

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