US Bitcoin ETF Ends Week With $149.4M Outflow, Will It Impact BTC Rally?

Spot Bitcoin ETFs, a year after their approval, remain the talking point of the town. However, the outflow recorded on the last day of this week is causing worry. That marked the second outflow day with BlackRock’s IBIT leading the pack with a massive amount of outbound movement.

US Bitcoin ETF Records Outflow

This week ends with an outflow from US Bitcoin ETF according to a report by Farside Investors. The total outward movement stands at $149.4 million with BlackRock’s IBIT leading the pack. The issuer of the US Crypto ETF noted $183.6 million worth of outflows to its name followed by Bitwise’s BITB at $1.6 million.

Several issuers didn’t report their numbers but others did show positive sentiments. This includes Fidelity’s FBTC, Ark’s ARKB, and Grayscale’s GBTC. Their flows were $16.6 million, $5.7 million, and $13.5 million, applicable in the same order. It remains to be seen if interest in Spot Bitcoin ETFs will change in the coming days, or maintain a similar momentum till Donald Trump takes the US Presidential office.

Effect on BTC Price

The significant outflows from the US Bitcoin ETF have had little impact on the BTC price today. The flagship cryptocurrency has been down slightly by 0.18% in the last 24 hours but has traded in green for most of the hours. The price has also been down by 4.03% and 6.40% in the last 7 days and 1 month, respectively, potentially demonstrating a correction after it achieved the milestone of $100,000. The market cap of Bitcoin tokens has plunged by 0.26% and the 24-hour trading volume has taken a hit of 10.13%. Open Interest is down by 0.95% amid the volatility of approximately 3.62%.

A few factors show that the BTC rally will eventually get back to mark upticks. Dips in the prices of Bitcoin tokens are being looked at as a chance to accumulate more BTC at a discounted price. Another factor includes the nomination of Paul Atkins as the SEC Chair to replace Gary Gensler who is preparing to step down when Donald Trump assumes the office.

Besides, the latest US job data also appears to have encouraged investments which would fuel a rally for Bitcoin and altcoins in the coming days. What’s still a concern is the size of the rate cut which is anticipated to be 25 bps in the next FOMC.

What’s Happening to Spot Ether ETF?

Amid the Bitcoin ETF outflux, it is worth noting that the sentiment of outward movement is mutually shared with Spot Ether ETF except, it’s Fidelity’s FBTC leading the chart. The issuer recorded an outflow worth $65.4 million on January 10, 2025, as no data from BlackRock made its way to the surface. The only other issuer that reported its number was Bitwise’s ETHW which was $3.1 million.

Total outflows stood at $68.5 million taking the historical cumulative inflow to $2,456.3 million. Spot Ether ETFs, too, marked the second day of outflows after January 08, 2025, when the negative flow was $159.4 million.

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