Bitcoin ETFs Record Their Worst Week Since Launch Amid BTC Price CollapseItu

Bitcoin ETFs Suffer Their Worst Week Ever

Bitcoin exchange-traded funds (ETFs) experienced heavy outflows over the past four weeks, according to data from SoSoValue. Investors pulled billions of dollars from these funds, with withdrawals increasing each week.

During the most recent trading week alone, Bitcoin ETFs recorded net outflows of $1.72 billion, making it the worst week since the products launched about 2.5 years ago.

As a result, the total net inflows into Bitcoin ETFs dropped significantly, falling from $59.34 billion to $53.94 billion during the four-week period. The current streak of withdrawals is even more severe than the period following the market crash in early October, when excessive leverage triggered major losses across the crypto market.

Daily data shows the selling pressure remained strong throughout the week. June 4 was the only day to record positive flows, with a modest net inflow of $3.05 million. The other trading days all posted net outflows, with June 2 seeing the largest withdrawal of $519 million.

Between May 15 and June 5, nearly every trading day ended with investors pulling money out of Bitcoin ETFs.

Bitcoin Price Falls Below Key Support

At the same time, Bitcoin’s price came under heavy pressure as investors continued to withdraw funds from ETFs.

Bitcoin started the week and the month trading near $73,000. However, sellers quickly took control, pushing the cryptocurrency lower through a series of declines.

After holding above the important $60,000 support level for months, Bitcoin finally broke below it on Friday. The asset dropped to $59,100, its lowest level since the period before the U.S. presidential election in late 2024.

The large-scale ETF outflows are considered one of the main reasons behind Bitcoin’s sharp decline. However, the sell-off was not limited to crypto. Broader financial markets also weakened on Friday following the release of the latest U.S. jobs report, which triggered a negative reaction among investors.