Bitcoin ETF Outflows Reach $1.28B, Posting Worst Week Since Late June

Bitcoin exchange-traded funds recorded $1.28 billion in net outflows last week, according to Crypto Economy. It was the largest weekly withdrawal total since late June, and the outflows pushed the funds’ cumulative net outflows for the year to approximately $919 million. BlackRock’s IBIT was the largest source of the decline, with $1.21 billion leaving the fund during the week. That single fund accounted for nearly all of the reported $1.28 billion in Bitcoin ETF outflows, making the withdrawals heavily concentrated in the largest product covered by the source.

The figures came alongside a broadly weaker crypto market. Bitcoin was trading at $74,856, down 1.41% over 24 hours and 3.84% over seven days, while its market capitalization stood at $1.51 trillion. The broader crypto market was also broadly lower, with total market capitalization at $2.57 trillion and the Fear & Greed index at 29, within the Fear range.

The weekly fund outflow and Bitcoin’s seven-day decline show a period of aligned weakness across the asset and its ETF channel. The concentration of withdrawals in IBIT provides a clear view of where most of the reported capital movement occurred, while the year-to-date outflow total places the week within a continued pattern of net redemptions. Market conditions to monitor include whether ETF flows improve, whether Bitcoin stabilizes after its weekly decline, and whether the broader sentiment reading moves away from its current level of 29.