Bitcoin ETFs Lose $138M as Zcash Extends 3-Day Inflow Streak

U.S. bitcoin ETFs closed Friday with $137.94 million in net outflows, capping a volatile week in which large inflows were quickly followed by equally sharp reversals. Ether returned to modest inflows, while Zcash and NEAR remained the only other categories to attract fresh capital. The group lost $137.94 million, led by a $110.34 million outflow from Blackrock’s IBIT. Fidelity’s FBTC shed another $31.78 million. Morgan Stanley’s MSBT provided the only inflow at $4.19 million. Trading value fell to $1.33 billion, while net assets closed at $104.43 billion. The lower turnover is notable after Thursday’s $635.49 million withdrawal. It suggests the most aggressive round of de-risking may have passed, though institutional appetite for bitcoin clearly remains fragile.

First reported by Bitcoin.com News. This page is a short excerpt; the full text is theirs.