PiCK
US spot Bitcoin ETFs post $3.8bn of net outflows for a fifth straight week as institutions stay on the sidelines
Summary
- US spot Bitcoin ETFs recorded total net outflows of $3.8bn for five consecutive weeks.
- BlackRock’s IBIT led the move, posting $2.13bn of outflows over five straight weeks.
- Bitcoin is trading below $65,000, with persistent US-Iran tensions, an announcement of higher global tariffs, and bearish technical charts stoking risk-off sentiment.
Forecast Trend Report by Period
US spot Bitcoin (BTC) exchange-traded funds (ETFs) have seen funds leave for five consecutive weeks, resulting in total net outflows of $3.8bn. It marks the longest stretch of net outflows since February 2025.
According to SoSoValue data cited by CoinDesk on the 23rd (local time), US spot Bitcoin ETFs recorded net outflows of $316m last week alone. BlackRock’s IBIT in particular logged outflows for a fifth straight week, with $2.13bn exiting, leading the overall outflow trend.
The streak is similar in duration to the five-week net outflow run seen in February last year, but the scale is somewhat smaller than the roughly $5bn that left at the time. In the weeks that followed, Bitcoin prices slid sharply, falling to around $75,000 in early April.
Bitcoin is currently trading below $65,000, already sitting in a range lower than that prior trough. Market participants say risk-off sentiment is being fueled by persistent US-Iran tensions, President Donald Trump’s announcement of higher global tariffs, and bearish technical chart signals.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
