Investors just withdrew nearly $3.8 billion from US-listed spot bitcoin. exchange-traded funds for five consecutive weeks, the longest streak of outflows since February 2025.
Last week alone, $316 million disappeared, according to SoSoValue.
At the head of the capital outflow trend is BlackRock’s IBIT. The fund has lost $2.13 billion during five consecutive weeks of capital outflows.
This shows that institutions are still staying away from the leading cryptocurrency, extending the aversion that emerged after the early October crash, which exposed its vulnerability to shenanigans on offshore exchanges like Binance.
While the latest outflow trend matches that of February last year in duration, it is not that bad, with only $3.8 billion withdrawn, compared to $5 billion back then. That previous streak paved the way for a market crash in 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 for just under $65,000 at the time of writing.
Analysts have attributed the current risk aversion to persistent tensions between the United States and Iran, President Donald Trump’s new global tariff announcement and technical factors on price charts.
