U.S. spot bitcoin ETFs see $410 million outflows in second straight session

The 12 U.S.-listed spot bitcoin ETFs recorded a second consecutive day of net outflows on Thursday, with investors pulling $410.37 million as bitcoin slid to around $65,266 following stronger-than-expected U.S. payroll data.

According to SoSoValue, total outflows over the past two sessions reached $686.27 million. All funds posted zero or negative flows, while products from WisdomTree and Hashdex were flat on the day.

BlackRock’s IBIT led redemptions with $157.56 million in outflows, followed by Fidelity’s FBTC at $104.13 million. Funds from Grayscale and Bitwise together lost about $65 million.

Despite the pullback, cumulative net inflows into U.S. spot bitcoin ETFs since launch still stand at $54.31 billion, representing about 6.34% of total bitcoin market capitalization.

The move followed fresh labor data from the Bureau of Labor Statistics showing January payrolls rose 130,000, well above the 55,000 estimate tracked by Dow Jones. Forecast updates from Standard Chartered and JPMorgan also pointed to near-term caution but maintained higher long-term bitcoin targets.