Institutional Investors Shun Crypto ETFs Amid Ongoing Selloff

Recent market trends indicate a significant shift in institutional investor sentiment towards cryptocurrency exchange-traded funds (ETFs). US-listed spot Bitcoin ETFs have recorded nine consecutive days of net outflows, totaling $2.84 billion, with BlackRock's iShares Bitcoin Trust accounting for more than $2 billion of this total.

The cumulative withdrawals from these products surpass the previous record of eight consecutive outflow sessions set in February 2025, although the dollar amount remains below that period's $3.2 billion lost during a selloff. Thursday's session added another $223 million in net outflows, extending the streak that began on May 15.

Ethereum ETFs have also experienced 13 consecutive days of outflows, with cumulative losses of approximately $694 million. This simultaneous nine-day Bitcoin ETF streak and 13-day Ethereum ETF streak represent the most sustained period of institutional selling across both major crypto ETF categories since their launch.