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- US spot Bitcoin ETFs recorded $226.8 million in net outflows last week, extending the streak to six consecutive weeks.
- Total outflows have reached nearly $6 billion, marking the longest withdrawal period since spot ETFs launched.
- Despite the negative flows, selling pressure is slowing significantly as Bitcoin continues holding above $64,000.
US spot Bitcoin ETFs have now logged six straight weeks of net outflows, setting a new record for the longest withdrawal streak since the products launched. According to data from SoSoValue, investors pulled another $226.8 million from Bitcoin ETFs during the week ending June 18, bringing total outflows over the six-week period to approximately $5.94 billion.
While the headline figure may appear alarming, analysts suggest the underlying trend could actually be pointing toward stabilization rather than further deterioration.
Bitcoin ETF Selling Pressure Is Slowing
Although billions have exited Bitcoin ETFs over the last month and a half, the pace of withdrawals has declined sharply.
During the first week of June, Bitcoin ETFs recorded roughly $1.72 billion in outflows. Last week’s figure of $226.8 million represents an 87% reduction in selling pressure compared to those earlier levels.
This slowdown has caught the attention of market analysts, who argue that the worst of the ETF-driven selling may already be behind the market.
Some of the outflows are also linked to institutional trading strategies rather than outright bearish sentiment. Hedge funds and large investors frequently use ETF positions as part of arbitrage and basis trades, meaning withdrawals don’t always translate into investors abandoning Bitcoin entirely.
AI Stocks Are Competing for Investor Capital
Another major factor influencing ETF flows appears to be the growing enthusiasm surrounding artificial intelligence investments.
The recent SpaceX IPO, ongoing excitement around AI infrastructure companies, and anticipation surrounding potential public listings from firms like OpenAI and Anthropic have attracted significant amounts of investor capital.
As a result, some institutional investors may be rotating funds away from Bitcoin ETFs and into AI-related opportunities that currently dominate market attention.
This capital shift has created additional headwinds for Bitcoin despite continued long-term interest in digital assets.
Bitcoin Remains Surprisingly Resilient
Despite nearly $6 billion leaving Bitcoin ETFs over six weeks, Bitcoin has remained relatively stable around the $64,000 level.
That resilience is one of the most encouraging developments for bullish investors. Normally, sustained institutional outflows would place substantial pressure on prices, but Bitcoin has managed to absorb the selling without experiencing a major breakdown.
The ability to maintain support suggests that demand from other sources, including direct buyers, long-term holders, and international investors, continues to offset ETF-related selling.
This underlying strength is helping prevent a deeper correction.
What Investors Should Watch Next
The most important metric moving forward may not be the outflow streak itself, but whether the pace of withdrawals continues slowing.
If weekly outflows keep shrinking, the market could soon see its first positive flow week in nearly two months. A return to net inflows would likely shift sentiment quickly and potentially attract momentum traders back into the market.
At the same time, competition for investor capital remains fierce. The ongoing AI boom continues pulling attention and money toward technology stocks, creating a challenge for Bitcoin and other digital assets.
Can Bitcoin Break the Outflow Trend?
For now, Bitcoin remains caught between two competing narratives. On one side, ETF investors continue withdrawing capital at a historic pace. On the other, the slowing rate of outflows and Bitcoin’s price stability suggest selling pressure is gradually losing momentum.
If Bitcoin can continue holding key support levels while ETF withdrawals decline, the market could be setting the stage for a stronger recovery later in the year.
The next few weeks will likely determine whether this record outflow streak marks the final phase of institutional selling or simply a pause before another wave of withdrawals.
Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
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