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Bitcoin ETFs post more than $1 billion in outflows

The asset is down about 10% from it’s all-time high on August 14.

8/22/25 9:03AM

This week was a rough one for bitcoin. The asset was hovering in the $112,000 range, down roughly 10% from its all-time high of over $124,000 reached just on August 14.

Bitcoin ETFs continued to bleed out, with $1.15 billion in outflows since Monday, SoSoValue data shows. BlackRock’s iShares Bitcoin Trust alone suffered $416.2 million in outflows since Monday.

The attention of crypto traders seems centered on Fed Chair Jerome Powell’s highly anticipated Jackson Hole Economic Policy Symposium speech today.

“The recent market sell-off is a direct consequence of escalating geopolitical tensions and a growing fear that the Fed will disappoint investors in Jackson Hole. With global conflicts and trade disputes, the risk-off sentiment is palpable,” Kyle Chassé, founder of MV Global, said, adding that the market has been pricing in a more dovish stance from Powell and hoping for a clear signal of aggressive rate cuts to stimulate a softening economy.

However, Chassé also said that with inflation proving stickier than anticipated and continued tariff tensions, there are widespread concerns that Powell’s speech will not meet those bullish expectations, leading to a repricing.

In other bitcoin news:

Even some bitcoin whales are shifting their affection toward other assets: a dormant wallet that received 100,784 bitcoin seven years ago sold a chunk of their bitcoin holdings to buy 62,914 Ethereum, according to Lookonchain.
Despite bitcoin’s extreme volatility this week, André Dragosch, European head of research at Bitwise, reminded everyone to “just HODL” and posted charts demonstrating that as the time horizon grows, bitcoin losses fall.
Global Asian food platform DDC Enterprise announced its third bitcoin purchase in a week, acquiring 100 bitcoin. The company now holds 688 bitcoin.
Convano acquired 200 bitcoin and now holds 364.93 bitcoin.

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BlackRock’s IBIT on track for its worst month of net outflows, as investors yank $2.3 billion from the bitcoin ETF in November

BlackRock’s iShares Bitcoin Trust ETF, the world’s largest bitcoin fund, is heading for its worst month of outflows since it launched in January 2024.

Investors have pulled over $2.3 billion (net) throughout November so far. The jitters come as bitcoin grapples with its worst downturn since 2022, when the entire crypto world shook following the fall of Sam Bankman-Fried’s FTX — bitcoin has dropped more than 40% from its October high as of Monday’s close.

With their soaring popularity redefining and legitimizing cryptocurrencies at an institutional level, spot bitcoin ETFs have become a key barometer of wider investor sentiment surrounding the digital currency — as well as risk assets more broadly.

Notably, spot bitcoin ETFs like BlackRock’s iShares Bitcoin Trust tend to see their inflows accelerate with rising prices, and amplify falling prices when outflows become dominant. Citi Research, cited by Bloomberg, found that this feedback loop sees a ~3.4% price drop for every $1 billion pulled out from bitcoin ETFs.

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Bitcoin’s bloodbath slowed by Fed optimism, but as Citi analysts put it, crypto is “having a bit of a meltdown”

Bitcoin ETFs have seen $1.45 billion leave the funds this week so far.