Bitcoin ETFs See Largest Weekly Outflow Since November

Summary

CoinDesk's Jennifer Sanasie breaks down the largest weekly outflow from US Bitcoin ETFs since November, with $1.22 billion leaving in four days. Although Bitcoin was down about 6% on the week and trading below $90,000, she notes that similar ETF outflow events in November and March 2025 preceded local bottoms and rallies. She also highlights the ETF investor average cost basis as a prior support/floor, with contrarian analysts saying the flush-out may be complete.

• US Bitcoin ETFs saw $1.22 billion of weekly outflows, the largest since November.
• Tuesday and Wednesday withdrawals totaled $479.7 million and $78.7 million, according to SoSoValue.
• Bitcoin was down about 6% on the week and trading below $90,000.
• Similar mass ETF outflow events in November and March 2025 preceded local price bottoms and rallies.
• The average cost basis for ETF investors has acted as a hard floor during previous corrections.
• Contrarian analysts believe the ETF outflow flush-out is complete.