Bitcoin ETFs Post $126M in Outflows While Dutch Firm Amdax Bids

TLDR

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Bitcoin ETFs recorded $126.6M in net outflows, their first loss since August 22.
Fidelity’s FBTC led outflows with $66.2M pulled in a single trading session.
Amdax raised $23M to form AMBTS and aims to acquire 210,000 BTC long term.
BlackRock’s IBIT gained $24.6M in inflows, bucking the broader ETF exit trend.

Bitcoin ETFs saw their largest single-day outflows since August 22, totaling over $126 million. At the same time, Dutch crypto services firm Amdax announced it raised $23 million for a new Bitcoin treasury company that aims to acquire 210,000 BTC. This effort comes amid market uncertainty and shifting capital flows in institutional Bitcoin investment vehicles.

ETF Outflows Hit Major Issuers Amid Market Pullback

Spot Bitcoin ETFs recorded $126.6 million in net outflows, according to SoSoValue data. This marks their first day of net losses in over a week. The total value of Bitcoin assets under management dropped to around $139.95 billion. Ethereum-based products also saw lower totals, with $28.58 billion in assets.

Fidelity’s FBTC recorded the highest outflows among issuers, losing $66.2 million in a single day. 21Shares’ ARKB followed closely with $72.07 million in redemptions, while Grayscale’s GBTC posted $15.3 million in withdrawals. These moves suggest a shift in investor sentiment, likely tied to broader market weakness and price volatility.

On the other hand, BlackRock’s IBIT attracted $24.63 million in net inflows. It remains the strongest-performing ETF in this category and has consistently gained traction. WisdomTree’s BTCW also added $2.3 million. These inflows indicate continued interest in select products despite broader ETF outflows.

BlackRock’s IBIT recently reached a record $91.06 billion in assets under management. It has now seen over $58 billion in cumulative net inflows. IBIT’s unit price recently closed at $69.84, which was a 0.57% premium to its net asset value.

The data shows that while investor confidence in Bitcoin ETFs may be slowing, major issuers like BlackRock continue to attract capital. Smaller or less favored products appear more vulnerable to daily swings in market sentiment.

Amdax Moves to Build European Bitcoin Treasury

As ETF issuers face outflows, Dutch digital asset firm Amdax has announced it secured €20 million (around $23 million) in funding for a new Bitcoin-focused venture. The company has launched AMBTS B.V., which aims to become a large-scale Bitcoin treasury firm in Europe.

Amdax plans to list AMBTS on Euronext Amsterdam after completing its first round of funding. The company has set a cap of €30 million for this round, with the final close expected in September 2025. CEO Lucas Wensing confirmed strong interest from institutional investors and said the new entity aims to support a growing demand for direct Bitcoin exposure.

“With the establishment of AMBTS, we aim to strengthen the European autonomous digital asset industry,” Wensing stated in the release. The firm also sees this as a step toward creating a local solution for institutions looking to hold Bitcoin directly rather than through ETFs or derivatives.

The long-term target of AMBTS is to hold 1% of Bitcoin’s total supply, equal to roughly 210,000 BTC. This would place it among the largest known Bitcoin treasuries in the world. The move aligns with growing interest from institutions that prefer to manage their own digital assets rather than rely on third-party issuers.

Institutional Interest in Bitcoin Remains Active

While ETFs faced a tough trading session, direct Bitcoin accumulation by institutions continues. Strategy, a large BTC treasury firm, recently disclosed that it now holds more than 3% of Bitcoin’s maximum 21 million coin supply. Its latest acquisition added 3,081 BTC to its holdings, and its year-to-date return has reached 25.4%.

This trend shows that many institutional investors are still seeking long-term positions in Bitcoin. The approach varies, as some prefer ETFs for ease of access while others are building private or public treasuries. The move by Amdax reflects a broader push within Europe to create local options for crypto asset exposure.

The ongoing demand for Bitcoin by firms like Strategy and now AMBTS may support market confidence even as ETF flows fluctuate. These moves suggest a growing appetite for direct Bitcoin ownership and custody at an institutional level.

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