Bitcoin ETFs shed $3.8B in record five-week withdrawal streak

U.S.-listed spot bitcoin ETFs have seen 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 sharp market drop.

According to SoSoValue, $316 million exited these funds just last week. BlackRock’s IBIT ETF has been the largest contributor, with $2.13 billion redeemed over the same period.

The sustained outflows reflect continued institutional wariness toward bitcoin after the early October crash, which exposed the cryptocurrency’s vulnerability to volatility on offshore exchanges like Binance.

Although the current streak matches the five-week duration seen in February 2025, the total outflow of $3.8 billion is smaller than the $5 billion withdrawn during the previous episode. That prior streak preceded a market dip that saw bitcoin fall to around $75,000 in early April.

At present, bitcoin is trading below that level, just under $65,000. Analysts attribute the ongoing risk-off behavior to lingering U.S.-Iran tensions, President Donald Trump’s latest global tariff announcement, and bearish technical chart patterns.