Bitcoin (BTC) news today: ETFs bleed $3.8 billion in historic five-week outflow streak
Summary
Investors withdrew almost $3.8 billion from U.S.-listed spot Bitcoin exchange-traded funds over five straight weeks, marking the longest outflow streak since February 2025, with BlackRock's IBIT leading the trend with $2.13 billion in losses. This persistent institutional wariness follows the early October crash, which highlighted Bitcoin's vulnerability to issues on offshore exchanges like Binance. Although this five-week streak matches the length of one from February last year, the total amount withdrawn ($3.8 billion) is less severe than the $5 billion pulled out during the prior period, which preceded a market swoon. Currently, Bitcoin is trading just under $65,000, and analysts attribute the ongoing risk aversion to factors including lingering U.S.-Iran tensions, President Donald Trump's new global tariff announcement, and technical price-chart indicators. Separately, Bitcoin plunged 5% to below $65,000 as large holders dominated selling, suggesting a fragile base-building phase is underway.
(Source:CoinDesk)