Investors just pulled nearly $3.8 billion from US-listed spot bitcoin exchange-traded funds for five straight weeks, the longest streak of outflows since February 2025.
Last week alone, $316 million disappeared, according to SoSoValue.
Leading the trend for outflows is BlackRock’s IBIT. The fund has lost $2.13 billion over five straight weeks of outflows.
This shows that institutions are still steering clear of the leading cryptocurrency, extending the aversion that started after the early October crash that exposed its vulnerability to shenanigans on offshore exchanges such as Binance.
While the latest outflow trend matches that of last February in length, it is not too bad, with only $3.8 billion drawn against $5 billion then. The earlier streak paved the way for a dizzying market 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 below $65,000 at the time of writing.
Analysts have attributed the ongoing risk aversion to ongoing US-Iran tensions, President Donald Trump’s new global tariff announcement and technical price chart factors.”
