Spot Bitcoin ETFs Experience $1.7 Billion in Outflows Over Four Weeks
Spot Bitcoin ETFs bleed $1.7B as outflow streak hits four weeks

Image: Cointelegraph
Spot Bitcoin ETFs have faced significant outflows totaling $1.7 billion over the past four weeks, driven by macroeconomic factors rather than specific issues within the cryptocurrency sector. This trend reflects a shift in institutional risk appetite amid changing economic conditions.
- 01Matthew Pinnock, COO of Altura DeFi, attributes the outflows to a 'macro-driven repricing of risk'.
- 02The IBIT ETF experienced the largest redemptions due to its scale and liquidity, favored by large investors.
- 03Spot Ether ETFs also saw outflows of $885.6 million over four weeks, with $173.05 million withdrawn in the week ending June 5.
- 04The outflows coincide with stronger US employment data and rising Treasury yields, influencing investor behavior.
- 05In contrast, HYPE ETFs recorded net inflows of $16.65 million during the same period.
Advertisement
In-Article Ad
Spot Bitcoin exchange-traded funds (ETFs) have witnessed substantial outflows totaling $1.7 billion over the last four weeks, marking a significant trend in the cryptocurrency market. Matthew Pinnock, chief operating officer of Altura DeFi, indicated that these redemptions are primarily driven by a 'macro-driven repricing of risk' rather than any specific issues with Bitcoin itself. The IBIT ETF has been particularly affected, accounting for the majority of the outflows due to its scale and liquidity, making it a preferred option for institutional investors adjusting their portfolios. This trend aligns with broader economic indicators, including stronger-than-expected US employment data and rising Treasury yields, which have led to a shift in institutional risk appetite. In addition to Bitcoin, spot Ether ETFs have also experienced four consecutive weeks of redemptions, losing approximately $885.6 million in total. In contrast, some altcoin ETFs, such as HYPE, reported net inflows of $16.65 million during the same period, indicating varied investor sentiment across different cryptocurrency products.
Advertisement
In-Article Ad
Advertisement
In-Article Ad
Reader Poll
What do you think is driving the recent outflows from Bitcoin ETFs?
Connecting to poll...
Read the original article
Visit the source for the complete story.




