Bitcoin ETFs bleed $3.8 billion in historic five-week outflow streak
TL;DR
U.S. spot Bitcoin ETFs have seen $3.8 billion in outflows over five weeks, the longest streak since February 2025. BlackRock's IBIT led with $2.13 billion withdrawn, reflecting ongoing institutional caution after October's crash.
Key Takeaways
- •Bitcoin ETFs experienced $3.8 billion in outflows over five weeks, the longest streak since February 2025.
- •BlackRock's IBIT fund accounted for $2.13 billion of the total outflows.
- •Institutional wariness persists due to the early October crash and factors like U.S.-Iran tensions and tariff announcements.
- •The current outflow streak is less severe than February 2025's $5 billion outflow but coincides with Bitcoin trading below $65,000.
- •A separate incident involved an AI trading bot mistakenly sending $450,000 in Lobstar memecoins, sparking speculation about a publicity stunt.
What to know:
- Investors have withdrawn nearly $3.8 billion from U.S.-listed spot bitcoin exchange-traded funds over the past five weeks, marking the longest outflow streak since February 2025.
- BlackRock's IBIT has led the retreat with about $2.13 billion in redemptions over the same period.
- Outflows underscore persistent institutional wariness toward bitcoin after the early October crash.
- Investors have withdrawn nearly $3.8 billion from U.S.-listed spot bitcoin exchange-traded funds over the past five weeks, marking the longest outflow streak since February 2025.
- BlackRock's IBIT has led the retreat with about $2.13 billion in redemptions over the same period.
- Outflows underscore persistent institutional wariness toward bitcoin after the early October crash.
Investors just pulled nearly $3.8 billion from U.S.-listed spot bitcoin BTC$66,380.86 exchange-traded funds over five straight weeks, the longest outflow streak since February 2025.
Last week alone saw $316 million vanish, according to SoSoValue.
Leading the outflows trend is BlackRock's IBIT. The fund has lost $2.13 billion over five straight weeks of outflows.
This shows institutions are still steering clear of the leading cryptocurrency, extending the aversion that kicked in after the early October crash, which exposed its vulnerability to shenanigans on offshore exchanges such as Binance.
While the latest outflows trend matches the one from February last year in length, it's not as bad, with just $3.8 billion yanked versus $5 billion back then. That prior streak paved the way for a market swoon over the following weeks, with bitcoin falling as low as $75,000 in early April.
Right now, bitcoin is already trading well below that level, changing hands just under $65,000 as of writing.
Analysts have attributed the ongoing risk aversion to lingering U.S.-Iran tensions, President Donald Trump's fresh global tariff announcement, and technical price-chart factors."
- Strategy, MARA, Coinbase and Bullish trade about 2% lower, trimming earlier declines.
- Bitcoin rebounds from $64,400 to above $66,000, even as the Fear and Greed Index hits 6 and remains in extreme fear for a seventh straight day.
- Broader risk sentiment steadies, QQQ slips just 0.3% and IGV falls 1% near $80, while gold tops $5,100, silver nears $87 and the DXY holds just below 98.
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