Bitcoin ETF Outflows Top $3.8 Billion as BTC-USD Lags Behind Cost Basis

The recent wave of outflows from Bitcoin Exchange-Traded Funds (ETFs) has left investors questioning the sustainability of their investments. Over the past five weeks, $3.8 billion has been withdrawn from ETFs, with the average holder now facing significant unrealized losses due to BTC-USD trading below the $80,000 cost basis.

Market analysts attribute this trend to a broader risk-off bias driven by tariff noise and shifting expectations for US rate cuts. Institutions are cutting their exposure to spot Bitcoin and large ETF wrappers, leaving their structural crypto allocation intact.