US Bitcoin ETF Faces $149.4M Outflow: Will It Affect BTC Rally?

A year after Bitcoin ETFs approval, they still remain on people’s lips. However, the last outflow which was noted at the end of this week has caused concern. It was the second day in a row of outflows, and the BlackRock IBIT had significant outbound outflows.

US Bitcoin ETF Records Outflow

Farside Investors recently announced that this week had the largest Bitcoin outflows from US based ETFs with a value of $149 million. For this week, Blackrock was seen as being at the top with $IBIT targeted to $183.6 million followed by Bitwise’s BITB with $1.6 million.

While several issuers failed to declare their positions, a number of the firms did demonstrate more favorable tendencies. Fidelity, Ark and Grayscale showed outstanding

fund flow with a respective $16.6 million, $5.7 million and $13.5 million increase. Going forward the real concern is the suspension of inflow and outflow from Spot Bitcoin ETFs, especially when Donald Trump becomes the next President.

Effect on BTC Price

The significant outflows from the US Bitcoin ETF have had a limited impact on BTC’s price today. The leading cryptocurrency has decreased slightly by 0.18% in the past 24 hours but has mostly traded in the green.

Over the last 7 days and 1 month, the price has declined by 4.03% and 6.40%, respectively, potentially indicating a correction after surpassing the $100,000 milestone.

The market cap of Bitcoin has dropped by 0.26%, and the 24-hour trading volume has decreased by 10.13%. Open Interest is down by 0.95% amid volatility around 3.62%.

Several factors suggest that the BTC rally will eventually resume. Many investors view price dips as opportunities to accumulate more BTC at a lower cost.

Additionally, the nomination of Paul Atkins as the new SEC Chair, replacing Gary Gensler who is set to step down when Donald Trump takes office, is another positive factor.

Moreover, the latest US job data has also encouraged investments, potentially fueling a rally for Bitcoin and altcoins in the coming days. However, the anticipated rate cut of 25 basis points in the next FOMC meeting remains a concern.

What’s Happening to Spot Ether ETF?

Amid the recent outflows in Bitcoin ETFs, a similar trend is observed with Spot Ether ETFs. Leading the way is Fidelity’s FBTC, which recorded a significant outflow of $65.4 million on January 10, 2025

While BlackRock did not report any data. The only other issuer to report figures was Bitwise’s ETHW, showing a $3.1 million outflow.

The total outflows amounted to $68.5 million, bringing the cumulative historical inflows to $2,456.3 million.

This marks the second consecutive day of outflows for Spot Ether ETFs, following the $159.4 million negative flow recorded on January 8, 2025.