BTC ETF Outflows Hit $1.2B Even as Wall Street Deepens Its Crypto Bets

Spot Bitcoin ETFs experienced their third-largest weekly outflow on record, totaling over $1.2 billion, alongside $508 million exiting Ethereum products, even as Wall Street continues to increase its overall crypto exposure. Market analysts suggest this drawdown reflects position-trimming following strong prior inflows rather than outright capitulation, especially as easing financial conditions, indicated by tightening liquidity indicators, support renewed risk-taking. Institutional interest remains high, with BlackRock's ETF leading yearly inflows, but much of this participation occurs off-chain. Experts note that large investors prefer ETFs due to lingering concerns over on-chain infrastructure reliability, meaning the market's full liquidity potential remains unrealized. This trend signifies a shift where speculative trading is giving way to professional integration, suggesting that the market's future depends on professionalization as the dream of decoupling from traditional finance fades.

(Source：CoinDesk)