U.S. Bitcoin spot ETFs see net outflows for fourth consecutive week…$1.22 billion left last week

Suehyeon Lee

Summary

U.S. Bitcoin (BTC) spot ETFs have seen net outflows for four consecutive weeks, with $1.22 billion leaving just last week.
In particular, BlackRock IBIT also saw $1.09 billion flow out, marking the second-largest weekly outflow.
Bitcoin has rebounded from short-term lows, but liquidity is low and market structure is fragile, so it is likely to trade sideways in the $85,000–$90,000 range for the time being.

U.S. Bitcoin (BTC) spot exchange-traded funds (ETFs) saw $1.22 billion in outflows last week, continuing a fourth consecutive week of net outflows.

On the 24th (local time), The Block reported that the cumulative net outflows of Bitcoin spot ETFs last week reached $1.22 billion (about 1.8 trillion won), and the outflows over the past four weeks totaled $4.34 billion (about 6.404 trillion won).

Last week, BlackRock IBIT alone saw net outflows of $1.09 billion, recording the second-largest weekly outflow. These outflows coincided with last week’s crypto market experiencing the largest correction of this cycle. Bitcoin fell from $95,600 on Monday to $82,200 on Friday, then slightly recovered to about $87,348.

Vincent Liu, Chief Investment Officer (CIO) of Chronos Research, said, "Although Bitcoin has rebounded from short-term lows, liquidity remains thin and the market structure is fragile," adding, "Bitcoin is likely to remain range-bound between $85,000 and $90,000 for the time being."

BTC