The US Spot Bitcoin ETFs experienced a significant reduction in net outflows on Monday, recording $333.2 million compared to the substantial $812.3 million outflow observed on Friday.
This shift comes after Bitcoin’s price experienced a dip over the weekend, followed by a partial recovery on Monday. Notably, BlackRock’s US-listed Bitcoin fund, iShares Bitcoin Trust (IBIT), reported its largest single-day outflow since May, totaling $292.5 million.
Bitcoin Price Recovery in Sight?
This outflow follows a minor outflow on Friday, which ended a 37-day streak of consecutive inflows. The reversals coincide with Bitcoin’s price retreating from its all-time high of $114,447 reached on July 14.
Over the weekend, bitcoin fell by 8.5%, bottoming out at $112,300 on Sunday before partially recovering to $115,000 in late trading on Monday.
Despite the recent outflow, BlackRock’s IBIT has seen a monumental net inflow of $5.2 billion in July, which accounts for 9% of the net inflows the ETF has enjoyed since its launch in January 2024. Monday marked the third trading day that US-listed spot Bitcoin ETFs have collectively experienced net outflows.
Other Bitcoin ETFs also saw outflows, with Fidelity’s Wise Origin Bitcoin Fund (FBTC) shedding approximately $40 million and the Grayscale Bitcoin Trust (GBTC) losing $10 million. In contrast, Bitwise (BITB) experienced an inflow of $18.7 million, while the remaining US-based products reported zero flows on Monday.
The reduced outflows on Monday suggest a potential slowing down of the exodus as Bitcoin’s price found support around the $112,000 level. Bloomberg ETF expert Eric Balchunas noted that while the broader private asset boom is cooling off, digital assets and hedge funds have gained market share this year.
Bitcoin Volatility Calms Following Launch of Spot BTC ETFs
The introduction of spot Bitcoin exchange-traded funds (ETFs) has demonstrably reduced Bitcoin’s notorious volatility, according to Bloomberg ETF analyst Eric Balchunas.
Notably, Balchunas revealed on Monday that the 90-day rolling volatility for the BlackRock IBIT fund, a prominent spot Bitcoin ETF, has dipped below 40 for the first time since its inception, stating:
“Since the launch of the ETFs the volatility on bitcoin has plumetted. The 90-day rolling vol is below 40 for the first time- it was over 60 when the ETFs launched. I threw in $GLD for perspective. Less than 2x gold, used to be over 3x.”
Moreover, this figure stood above 60 at the time of the ETFs’ launch in January 2024, illustrating a substantial decrease in price fluctuations over the intervening period. The analyst further noted the absence of significant drawdowns, which he described as “no vomit-inducing drawdowns.”
Ephraim Emmanuel | June 8, 2026
Mishael Nwani | June 5, 2026
