U.S. spot bitcoin ETFs posted net outflows of $231 million on Monday, with BlackRock's IBIT accounting for $300 million of the outflows. Other funds partly offset the outflow, including $50 million into ARKB and $35 million into GBTC, according to SoSoValue data.
The outflows come as risk appetite elsewhere in markets surges. A tech rally on Wall Street spread into Asia on Tuesday, with the MSCI Asia Pacific index up 1% on the year's final trading day after a semiconductor rebound helped the S&P 500 snap a five-session losing streak. The Asian benchmark is on track for its biggest quarterly gain in almost 17 years.
Bitcoin ETFs are not participating in the capital rotation, as the AI infrastructure spending fueling record quarters in Seoul and Tokyo competes for dollars that might otherwise flow into bitcoin. This dynamic has featured in coverage of SpaceX, Anthropic, and the chip sector.
No expert commentary is provided in the sourced material. The report focuses on flows and broader market risk appetite alongside regional equity strength and currency movements.
