US spot Bitcoin exchange-traded funds (ETFs) posted $104.9 million in web outflows on Tuesday within the first buying and selling session this week.
Complete buying and selling quantity in spot Bitcoin (BTC) ETFs fell to simply over $3 billion, down practically 80% from a document $14.7 billion on Feb. 5, reflecting a continued slowdown in buying and selling exercise, in accordance to SoSoValue knowledge.
The outflows got here as one other spherical of establishments reported their Bitcoin ETF holdings for the fourth quarter of 2025, with Jane Avenue rating because the second-largest purchaser of BlackRock’s iShares Bitcoin ETF (IBIT) in This autumn, shopping for $276 million.
This autumn additionally noticed a brand new IBIT entrant, an obscure Hong Kong-based firm known as Laurore, which acquired $436.2 million of the ETF in a single buy reported to the US Securities and Alternate Fee.
A possible signal of Chinese language establishments shifting into Bitcoin?
Based on Bitwise Investments adviser Jeff Park, Laurore’s newly disclosed place in IBIT might be an early indication of institutional Chinese language capital getting into Bitcoin.
Park stated Laurore has no public footprint — no web site or press — and the one obtainable info is that the filer’s identify is Zhang Hui, the Chinese language equal of “John Smith.”
Whereas Park speculated that the funding could also be linked to capital flight, some commentators questioned why the corporate would select to purchase Bitcoin by means of an ETF moderately than straight.
Brevan Howard slashes IBIT holdings by 85%
Past Laurore and Jane Avenue, a number of establishments made vital strikes with IBIT in This autumn 2025. Weiss Asset Administration reportedly added about 2.8 million shares ($107.5 million), whereas 59 North Capital elevated its place by 2.6 million shares ($99.8 million).
Abu Dhabi’s state-owned funding agency Mubadala Funding additionally boosted its IBIT holdings by 45%, rising from 8.7 million shares in Q3 to 12.7 million in This autumn, valued at $630.7 million.
In distinction, some corporations reduce their Bitcoin ETF publicity in This autumn 2025. Brevan Howard diminished its IBIT holdings, dropping about 85% from 37 million shares ($2.4 billion) in Q3 2025 to about 5.5 million shares ($273.5 million) in This autumn.
Goldman Sachs additionally trimmed its IBIT holdings by about 40%, leaving round $1 billion in belongings.
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