Quỹ giao dịch trao đổi Bitcoin giao ngay của Mỹ (ETF) đã ghi nhận rút ròng 648.6 triệu USD qua bảy quỹ vào thứ Hai, mức rút ròng lớn nhất trong ngày kể từ ngày 29 tháng 1. Theo dữ liệu của SoSoValue, điều này tiếp tục xu hướng rút ròng tổng cộng 1 tỷ USD trong tuần trước, kết thúc chuỗi sáu tuần dòng tiền vào ròng tích cực. Do

The US spot Bitcoin exchange-traded fund (ETF) recorded a net outflow of $648.6 million on Monday, marking the largest single-day net outflow since January 29. According to SoSoValue data, this continued the total net outflow of $1 billion last week, ending a six-week streak of net inflows. Dominick John (Zeus Research analyst) stated that these net outflows reflect institutional "risk-averse" positioning, driven by profit-taking, macroeconomic uncertainties, and rising US Treasury yields. Bitcoin fell below $77,000 over the weekend, influenced by renewed tensions between the US and Iran and rising oil prices due to inflation concerns, prompting institutional investors to de-risk.

## ETF Outflows Breakdown

BlackRock’s IBIT led the outflows with $448.3 million, followed by Ark & 21Shares’ ARKB, which saw outflows of $109.6 million, and Fidelity’s FBTC, with outflows of $63.4 million. Funds from Bitwise, VanEck, Invesco, and Franklin Templeton also experienced negative cash flows on the same day.

## Market Context and Macro Drivers

John explained that higher US Treasury yields have driven ETF capital outflows as global liquidity tightens and risk-free returns become more attractive. Coupled with inflation concerns, this macro environment has triggered short-term de-risking by institutional investors. The analyst noted that Bitcoin is consolidating near the key support zone of $76,000–$77,000.

John pointed out that dominant stablecoins (led by USDT and USDC) have increased in market cap, indicating off-chain liquidity accumulation and preparing for potential “buy-the-dip” opportunities if prices revisit key support levels.

## Analyst Opinions

Domiick John described this outflow as reflecting “short-term institutional risk-avoidance behavior,” while also noting that “institutions remain active but more tactical, using ETFs as liquidity tools to manage exposure.” He added that “capital flows now depend on interest rates and volatility, with funds still on the sidelines.”

Andri Fauzan Adziima, head of research at Bitrue Research Institute, said that short-term volatility remains high, but he characterized this correction as “healthy digestion within a larger upward trend.” Analysts recommend paying attention to signals from new Federal Reserve Chair Kevin Warsh, covering inflation, interest rates, and policy directions.