ETFs See Unprecedented $3.8 Billion Outflow in Five Weeks
Investors have recently withdrawn nearly $3.8 billion from U.S.-listed Bitcoin exchange-traded funds (ETFs) over the past five weeks. This period marks the longest outflow streak since February 2025. Notably, $316 million was pulled out in the last week alone, as reported by SoSoValue.
Leading Outflow Trends
The most significant contributor to this outflow is BlackRock’s IBIT, which has experienced a withdrawal of $2.13 billion during these five weeks. This movement reflects a continued reluctance from institutions to engage with Bitcoin, particularly following a crash earlier in October. This crash highlighted vulnerabilities associated with offshore exchanges like Binance.
Historical Context
This current outflow trend is comparable in length to the one observed in February of last year. However, the amount withdrawn this time, $3.8 billion, is less severe compared to the previous $5 billion. That earlier outflow led to a significant decline in the Bitcoin market, with prices dropping to as low as $75,000 in early April.
Bitcoin’s Current Market Status
Bitcoin is now trading below previous levels, currently valued under $65,000. Analysts suggest that the ongoing reluctance from investors can be linked to several factors, including:
- Persistent tensions between the U.S. and Iran
- Recent global tariff announcements from President Donald Trump
- Technical analysis and price chart trends
These elements contribute to a cautious outlook among investors as they navigate the complexities of the cryptocurrency market. As these dynamics evolve, the future movement of Bitcoin remains uncertain.
