U.S.-listed spot bitcoin ETFs have experienced nearly $3.8 billion in outflows over the past five weeks, marking the longest consecutive withdrawal streak since February 2025 and highlighting persistent institutional caution following October’s market downturn.
Data from SoSoValue shows that $316 million exited these funds last week alone. BlackRock’s IBIT ETF led the trend, seeing $2.13 billion redeemed during the five-week period.
The outflows indicate that institutional investors remain wary of bitcoin after the early October crash, which exposed the cryptocurrency’s sensitivity to volatility on offshore exchanges such as Binance.
While the duration of the current streak matches February 2025, the total outflow is smaller, at $3.8 billion compared with $5 billion previously. That earlier withdrawal wave preceded a market decline, with bitcoin falling to roughly $75,000 in early April.
Currently, bitcoin is trading below that level, just under $65,000. Analysts point to continued risk aversion driven by lingering U.S.-Iran tensions, President Donald Trump’s latest global tariff announcement, and bearish technical signals on price charts.
