Investors Just Withdrew Nearly $3.8 Billion From U.S.-Listed Spot Bitcoin exchange-traded funds over five consecutive weeks, the longest outing streak since February 2025.
Last week alone, $316 million disappeared, according to SoSoValue.
BlackRock’s IBIT is leading the capital outflow trend. The fund lost $2.13 billion over five consecutive weeks of outflows.
This shows that institutions are staying away from the leading cryptocurrency, continuing the aversion that emerged after the crash in early October, which exposed its vulnerability to shenanigans on offshore exchanges such as Binance.
Although the latest outflow trend matches in length that of February last year, it is not as severe, with only $3.8 billion withdrawn compared to $5 billion at the time. This earlier streak set the stage 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 at just under $65,000 at the time of writing.
Analysts attributed the continued risk aversion to lingering tensions between the United States and Iran, President Donald Trump’s new global tariff announcement and technical factors related to the pricing schedule.
