Bitcoin ETFs See Record $6.4B Outflow Over 30 Days
US spot Bitcoin ETFs record largest net outflow since launch as BTC drops 17% in a month.
US-listed spot Bitcoin ETFs recorded a net outflow of $6.4 billion over the past 30 days, the largest such withdrawal since the products debuted in January 2024, according to data tracked by Cointelegraph.
The exodus coincides with a sharp decline in Bitcoin's price, which has fallen 17% over the same period. Market observers attribute the selling pressure to macroeconomic headwinds and waning risk appetite among institutional investors.
Key Figures
- Record $6.4 billion net outflow from spot Bitcoin ETFs in 30 days
- Bitcoin price dropped 17% over the past month
- Outflows mark the largest since ETF launch in January 2024
The previous outflow record was set in a prior period, but the current figure underscores deepening bearish sentiment in the crypto market, often referred to as a 'crypto winter.' Spot Bitcoin ETFs had previously seen strong inflows during bull runs.