Spot Bitcoin exchange traded funds endured their most difficult week since launch, recording unprecedented outflows as Bitcoin’s price plunged to its lowest level in nearly two years.
These investment products are often viewed as a key indicator of institutional sentiment toward Bitcoin, making the latest wave of withdrawals particularly significant. With the cryptocurrency experiencing a sharp selloff, investors pulled capital from Bitcoin ETFs at a record pace.
Historic Outflows Hit Bitcoin ETFs
Data from SoSoValue highlights the severity of the situation. Bitcoin ETFs have now posted net outflows for four consecutive weeks, with losses consistently reaching billions of dollars.
The latest trading week marked the worst period in the funds’ history, with investors withdrawing approximately $1.72 billion. Not only did the outflows remain elevated, but they also accelerated week after week, signaling growing caution among market participants.
As a result, cumulative net inflows across all spot Bitcoin ETFs fell sharply from $59.34 billion to $53.94 billion during the four week downturn.
The current streak of withdrawals has surpassed the selling pressure witnessed after the early October market crash, when excessive leverage triggered widespread liquidations and sent overall market sentiment into a steep decline.
A closer look at daily flows reveals the extent of the damage. June 4 was the only positive session, attracting a modest $3.05 million in net inflows. Every other trading day ended in negative territory, with June 2 recording the largest single day outflow of the week at $519 million.
Between May 15 and June 5, the market saw just one day of positive net flows, while all remaining sessions were dominated by investor withdrawals.
Bitcoin Price Slides to New Multi Month Lows
The heavy ETF outflows coincided with a significant decline in Bitcoin’s market value. The cryptocurrency started both the week and the month near $73,000 before sellers regained control and pushed prices steadily lower through a series of sharp declines.
For months, buyers had successfully defended the $60,000 support zone, including during the market turbulence seen in early February. However, that level finally gave way on Friday as Bitcoin dropped to approximately $59,100, marking its lowest price since the period leading up to the United States presidential election in late 2024.
While the mass exodus from Bitcoin ETFs has been identified as a major factor behind the decline, the selloff was not limited to digital assets. Financial markets broadly came under pressure following a stronger than expected United States jobs report, triggering a wave of risk aversion across multiple asset classes.
The combination of weakening investor sentiment, heavy ETF withdrawals, and broader market uncertainty created a challenging environment for Bitcoin, resulting in one of its most significant weekly declines in recent memory.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
