U.S. spot bitcoin ETFs have recorded a staggering $4.37 billion in outflows over the past 13 sessions, with total assets plummeting from $104.29 billion to $82.83 billion. This decline has been fueled by significant redemptions from major funds, including BlackRock's IBIT, which lost $342.34 million on Wednesday alone. In addition to bitcoin, ether, solana, and XRP ETFs have joined the trend of net outflows, with ether funds losing $52.94 million and solana funds shedding $12.74 million. The only positive development in this environment comes from Hyperliquid's HYPE ETFs, which have seen consistent inflows, totaling $139.51 million since their launch. Analysts from Citi have noted that the negative flows from bitcoin ETFs are affecting overall market sentiment and contributing to price declines, as Bitcoin traded around $65,462, down from over $71,000 earlier in the week. The ongoing outflows and price drops reflect broader institutional weakness in the crypto market.