Bitcoin ETF Outflows Hit Record $6.35B: Is the Institutional Sell-Off Finally Cooling?
US spot Bitcoin ETFs just printed their largest 30-day net outflow ever, bleeding $6.35 billion as institutions dumped positions. While the selling has been brutal, the pace is slowing, hinting the worst might be over.
US spot Bitcoin ETFs just puked out a record $6.35 billion over 30 days, marking the biggest drain since their January launch. This isn't just a blip; it's six straight weeks of institutional investors ditching their BTC exposure. The selling pressure has been relentless, pushing Bitcoin prices down nearly 17% in the last month alone. Higher Treasury yields and a general risk-off sentiment are forcing capital into safer havens, and the high fees on Grayscale's GBTC are accelerating outflows there, even as BlackRock's IBIT continues to attract significant inflows overall. But here's the kicker: the bleeding has slowed dramatically in recent days. Weekly outflows have plunged 87% from their early June peak, suggesting the most intense selling phase might be behind us. This resilience near the $64,000 level indicates long-term holders are gobbling up the supply, but a true bottom will only be confirmed by a sustained return to net inflows.