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.
Whole buying and selling quantity in spot Bitcoin (BTC) ETFs fell to only over $3 billion, down practically 80% from a file $14.7 billion on Feb. 5, reflecting a continued slowdown in buying and selling exercise, according to SoSoValue information.
The outflows got here as one other spherical of establishments reported their Bitcoin ETF holdings for the fourth quarter of 2025, with Jane Road ranking because the second-largest purchaser of BlackRock’s iShares Bitcoin ETF (IBIT) in This fall, buying $276 million.
This fall additionally noticed a brand new IBIT entrant, an obscure Hong Kong-based firm referred to as Laurore, which acquired $436.2 million of the ETF in a single buy reported to the US Securities and Change Fee.
A possible signal of Chinese language establishments transferring into Bitcoin?
In line with Bitwise Investments adviser Jeff Park, Laurore’s newly disclosed place in IBIT could possibly be an early indication of institutional Chinese language capital coming into Bitcoin.
Park stated Laurore has no public footprint — no web site or press — and the one out there data is that the filer’s title 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 an ETF relatively than straight.
Brevan Howard slashes IBIT holdings by 85%
Past Laurore and Jane Road, a number of establishments made important strikes with IBIT in This fall 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 fall, valued at $630.7 million.
In distinction, some corporations lower their Bitcoin ETF publicity in This fall 2025. Brevan Howard reduced 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 fall.
Goldman Sachs additionally trimmed its IBIT holdings by about 40%, leaving round $1 billion in belongings.
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