Spot Bitcoin ETFs Bleed Nearly $1 Billion This Week as Seven-Day Outflows Approach $2 Billion

U.S. spot Bitcoin ETFs have now shed nearly $2 billion over seven trading days, according to SoSoValue data, as institutional investors continue to de-risk amid a deteriorating macro backdrop.

This week’s damage totals roughly $979 million across two sessions. Monday’s $648.6 million net outflow was the largest single day since January 29, led by BlackRock’s iShares Bitcoin Trust (IBIT) at $448.3 million, followed by $109.6 million from Ark/21Shares’ ARKB and $63.4 million from Fidelity’s FBTC. Tuesday added $331 million in further withdrawals, extending the negative streak. Combined with the prior week’s roughly $1 billion in outflows, the seven-day total approaches $2 billion, snapping what had been a six-week positive streak that drew $3.4 billion through March and April.

This story is an excerpt from the Unchained Daily newsletter.

Total net assets across the 11 U.S.-listed spot Bitcoin ETFs stand at roughly $100.5 billion, with historical cumulative net inflows now at $57.7 billion. Bitcoin traded below $77,000, weighed down by geopolitical tension with Iran, 10-year Treasury yields near 4.63%, U.S. inflation approaching 4%, and rate-cut expectations for 2026 that have collapsed to near zero.

“Bitcoin ETF outflows reflect a short-term institutional risk-off move, driven by profit-taking and macro uncertainty,” said Dominick John, analyst at Zeus Research. “Institutions remain active but more tactical, using ETFs as liquidity tools to manage exposure. Flows now hinge on rates and volatility, with capital staying on the sidelines.”

Long-term holders now control a record 4 million BTC, exchange balances sit near six-year lows, and 70% of recent buyers’ supply remains in profit. But with new Fed chair Kevin Warsh’s first FOMC meeting on June 16-17 and Treasury yields showing no sign of relief, the macro overhang will determine whether institutional capital returns or continues to drain.