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

Nearly $3.8 billion has flowed out of U.S.-listed spot bitcoin ETFs over the past five weeks, marking the longest streak of redemptions since February 2025 and underscoring continued institutional caution following October’s sharp market downturn.

Data from SoSoValue shows that $316 million exited the funds last week alone. The bulk of the withdrawals have come from BlackRock’s spot bitcoin ETF, IBIT, which has seen $2.13 billion redeemed during the five-week stretch.

The persistent outflows suggest large investors remain hesitant to re-engage with bitcoin after the early October crash, which highlighted the asset’s sensitivity to volatility tied to offshore venues such as Binance.

While the current run of withdrawals matches February 2025 in duration, it is smaller in magnitude. That earlier episode saw roughly $5 billion leave bitcoin ETFs and preceded a deeper market slide, with bitcoin eventually falling toward $75,000 in early April.

This time, bitcoin is already trading below that prior trough, hovering just under $65,000 at the time of writing.

Market analysts point to a combination of factors behind the continued risk-off sentiment, including lingering U.S.-Iran geopolitical tensions, President Donald Trump’s newly announced global tariffs, and bearish technical signals on price charts.