Bitcoin Plummets to $88K as ETF Outflows Near $1B

Bitcoin Drops to $88,000 Range as ETF Net Outflows Approach Record $1 Billion

Bitcoin prices have fallen to the $88,000 range as net outflows from US spot Bitcoin ETFs (exchange-traded funds) approached the $1 billion threshold on Tuesday. This marks an extension of the losses seen in recent weeks, with weekly outflows nearing $1.5 billion.

The Bitcoin ETF outflows come amid a broader market sell-off, largely driven by macroeconomic concerns following President Trump's tariff threats. Bitcoin price lost crucial support at $91,000 before extending a leg down to trade for $88,928 as of this writing. These concerns were also reflected in last week's outflows from digital asset investment products.

Data from Farside Investors and Trader T's analysis show that Bitcoin ETF net outflows reached $937 million on Tuesday. Fidelity's FBTC led these outflows with $344 million, followed by BlackRock's IBIT at $164 million in redemptions. Similarly, Bitwise's BITB and Grayscale's BTC each recorded $88 million and $85 million in net outflows, respectively. Franklin Templeton's EZBC lost $74 million, while Grayscale's GBTC and Invesco's BTCO declined by $66 million and $62 million, respectively.

In the same way, Valkyrie, WisdomTree, and VanEck's funds also reported net outflows, with BRRR, BTCW, and HODL posting $25 million, $17 million, and $10 million, respectively. These outflows surpass thresholds set on December 19, when the US spot Bitcoin ETFs saw nearly $672 million in withdrawals after Bitcoin slipped below $97,000.

According to crypto investor Dissolve DC on X (Twitter), the turnout suggests widespread panic on Wall Street. Notably, the spot Bitcoin ETF financial instrument provides institutional investors indirect access to BTC.

“We asked Wall Street to join the party this is what we get,” remarked the investor.

Experts ascribe the panic to concerns about President Trump's tariff confirmations, which triggered up to $1 billion in