U.S.-listed spot Bitcoin exchange-traded funds have seen investors pull nearly $3.8 billion over five consecutive weeks. This marks the longest outflow streak since February 2025.
Last week alone, $316 million exited these funds. BlackRock's IBIT fund has been a significant contributor, losing $2.13 billion during this period.
This trend underscores continued institutional wariness toward Bitcoin, extending an aversion that began after an early October crash revealed vulnerabilities on offshore exchanges.
While the current outflow streak matches the length of one from February last year, the total amount withdrawn is lower. The prior streak preceded a market downturn, with Bitcoin falling to $75,000.
Analysts cite lingering geopolitical tensions, global tariff announcements, and technical price factors for the current risk aversion.
On-chain data indicates large holders are driving exchange inflows, while short-term investors are selling at a loss, suggesting a fragile market consolidation phase.
