Bitcoin ETFs bleed $2.8B in record nine-day outflow streak

CoinTelegraph3h agoUpdated 2h ago
Bitcoin ETFs bleed $2.8B in record nine-day outflow streak
Smart Read

Bitcoin spot ETFs experienced a record nine-day outflow streak totaling $2.84 billion, with BlackRock's IBIT fund accounting for $2.04 billion in withdrawals. This marks the longest selloff since ETF launch in 2024, signaling weakening institutional demand. Meanwhile, newer altcoin ETFs like Hyperliquid's HYPE attracted over $100 million in inflows, reflecting investor rotation away from Bitcoin exposure.

Key takeaways

  • 1Bitcoin spot ETFs recorded a record $2.84 billion nine-day outflow streak, with BlackRock's IBIT fund accounting for $2.04 billion in withdrawals.
  • 2Institutional demand for Bitcoin ETF exposure is weakening as major holders halt purchases amid market pressure.
  • 3Alternative crypto ETFs like Hyperliquid's HYPE attracted over $100 million in inflows, signaling investor rotation away from Bitcoin.

Coins in this story

BTC
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+0.88%
ETH
₹2,037.27
+1.56%
XRP
₹1.33
+0.41%

Why it matters

Weakening institutional demand through ETFs indicates potential market sentiment shift toward alternative cryptocurrencies, affecting Bitcoin's dominance. For Indian retail investors, this reflects global capital reallocation dynamics that may influence local crypto investment strategies and market volatility.

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