Spot Bitcoin ETFs bleed $649M in a single day — largest outflow since January!

U.S. spot bitcoin ETFs recorded $648.6 million in net outflows on Monday across seven funds, marking the largest single-day exit since January 29, according to SoSoValue data. The move extends last week's $1 billion in total net outflows, which snapped a six-week positive streak.

BlackRock's IBIT led the retreat with $448.3 million in outflows, followed by Ark & 21Shares' ARKB at $109.6 million and Fidelity's FBTC at $63.4 million. Bitwise, VanEck, Invesco, and Franklin Templeton all posted negative flows as well.

Zeus Research analyst Dominick John framed the move as a short-term institutional risk-off shift: "Flows now hinge on rates and volatility, with capital staying on the sidelines." He pointed to rising U.S. Treasury yields tightening global liquidity and making risk-free returns more attractive — compounded by inflation fears tied to renewed U.S.-Iran tensions and climbing…