Spot Bitcoin ETFs Record $1.7 Billion in Outflows as Selling Pressure Continues

Spot Bitcoin ETFs continued losing investor funds last week, recording nearly $1.72 billion in net outflows as market sentiment weakened across the crypto sector.

The latest data shows the outflow streak has now reached four consecutive weeks, marking one of the largest periods of sustained withdrawals since US spot Bitcoin ETFs launched earlier this year.

Most of the selling pressure came during the first three trading days of June. Funds saw withdrawals of $483.8 million, followed by $519.1 million and another $396.6 million. Although ETFs briefly returned to positive territory with a small inflow on Thursday, markets closed the week with another $325.7 million in outflows.

BlackRock IBIT Leads Weekly Redemptions

BlackRock’s iShares Bitcoin Trust ETF, known as IBIT, accounted for the majority of withdrawals with around $1.34 billion leaving the fund during the week.

Fidelity’s Wise Origin Bitcoin Fund recorded $201.9 million in outflows, while Grayscale’s Bitcoin Trust ETF lost roughly $144.3 million over the same period.

Analysts believe the heavy redemptions are tied more to broader economic conditions than problems specific to Bitcoin itself. Rising Treasury yields, stronger than expected US employment data, and reduced expectations for interest rate cuts have pushed investors toward lower-risk assets.

Ether ETFs Also Face Heavy Withdrawals

Spot Ether ETFs also continued struggling, posting about $173 million in net outflows during the same week. Over the past four weeks, Ether-based funds have lost nearly $886 million.

Meanwhile, some smaller crypto investment products performed better. XRP-related ETFs posted modest inflows, while HYPE ETFs also attracted fresh capital despite broader weakness in the digital asset market.