Bitcoin ETFs Suffer Massive $1.79B Outflow as Institutional Demand Fades

US Bitcoin ETFs suffered a significant setback last week as $1.79 billion in net outflows marked their second-worst weekly performance since launching in January 2024.

This outflow, led by BlackRock's IBIT fund, continues a seven-week streak of withdrawals, signaling weakening institutional demand for crypto assets.

Ethereum ETFs showed a similar trend, confirming a broader pullback from the crypto market by institutions.

The sustained outflows highlight the crypto market's reliance on Wall Street capital and raise concerns about further declines ahead.