The spot Bitcoin ETF saw its assets under management (AUM) fall below $100 billion following $272 million in fund withdrawals, for the first time since April 2025.
At the time of writing, Bitcoin is currently trading at $72,960, up 0.15% since it opened early Thursday in Asian trading.
The drop comes as Bitcoin’s price has fallen below $74,000 and the overall value of the global crypto market has fallen from $3.11 trillion to $2.64 trillion in the past week.
While the Bitcoin ETF had seen an inflow of $562 million the day before, selling pressure has pushed total withdrawals so far this year to nearly $1.3 billion.
The main factor is that Bitcoin’s price is now below the ETF’s creation cost of around $84,000, putting pressure on fund flows.
In contrast, altcoin ETFs have performed more steadily, with Ether, XRP and Solana each recording modest inflows, signaling that investor interest is beginning to shift.
Market watchers, however, believe that institutional investors are not panicking.
Instead, this situation may signal a new phase, where institutions start trading crypto assets directly, rather than just through ETFs.
The fall of Bitcoin ETFs is not a sign of institutional rejection, but rather a sign of a shift in strategy in the maturing crypto market.
