Bitcoin ETFs See Historic $3.8 Billion Outflow as Institutional Risk Appetite Cools

The cumulative net inflows since the launch are still at $53.81 billion, despite the current $3.8 billion drawdown. 

Even after the recent cooling phase, ETF adoption exceeds the initial market forecast of $5-$15 billion in the first year. 

The trading activity of IBIT explains its status as one of the most liquid Bitcoin investments. Its average daily trading volume is currently above 75 million shares. The 52-week trading range has also extended from $35.30 to $71.82. 

The product became the fastest ETF to reach $70 billion in assets, underscoring its dominant position within the regulated crypto market.