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The two hardest-hit funds were Fidelity’s Wise Origin Bitcoin Fund (FBTC) and BlackRock’s iShares Bitcoin Trust (IBIT). FBTC lost $344.65 million, while IBIT saw an outflow of $164.3 million.

Strategy (formerly MicroStrategy) has made its largest $BTC purchase of 2025, buying over 20,000 $BTC for nearly $2 billion. 

Despite the enormous volume of withdrawals, Bybit’s operations continued smoothly, and the exchange successfully processed transactions without any major disruptions.