Historic Withdrawals

U.S. spot Bitcoin ETFs recorded $1.79B in net outflows last week — their worst weekly performance on record — with BlackRock's IBIT alone accounting for $1.3B over seven consecutive weeks of outflows.

Institutional Retreat

IBIT fell to a 52-week low of $33, down over 54% from its peak, with aggregate unrealized losses across BTC ETFs reaching ~$22.4B.

Diverging Flows

XRP and HYPE spot ETFs bucked the trend with net inflows, signaling selective institutional interest.