Spot Bitcoin ETFs post sixth straight week of outflows

U.S. spot bitcoin ETF (exchange-traded fund) recorded their sixth consecutive week of net outflows, with $226.8 million withdrawn in the week ended June 18 and $5.94 billion pulled across the six-week span, according to data from SoSoValue. The six-week run is the longest string of weekly outflows on record and the pace of redemptions slowed over the period.

Outflows peaked in early June at about $1.72 billion in a single week and fell each subsequent week to $226.8 million in the most recent reporting period. Market participants noted that a portion of the withdrawals reflected technical adjustments such as rate, basis and arbitrage unwinds rather than direct selling of the funds’ bitcoin holdings.

Jeff Mei, chief operating officer at BTSE, pointed to strong investor interest in artificial intelligence-related equities as a factor behind reallocations. Mei highlighted continued attention on the AI sector and the prospect of large technology listings, and he noted that major AI developers have not yet completed public listings.

Jeff Ko, chief analyst at CoinEx, observed that long-term allocators including pension funds and endowments have shown relative stability during the outflow streak, while shorter-term and tactical investors accounted for much of the trading activity. Ko also flagged the role of technical market factors in the flow pattern.

Bitcoin has traded near $64,000 in recent sessions. Market participants referenced reports of diplomatic talks in Switzerland and comments from the new U.S. Federal Reserve chair emphasizing a firm approach to reducing inflation as contemporaneous developments.

Analysts said macroeconomic policy remains a key variable for crypto markets and that bitcoin has at times moved independently of broader equity indices. Some market watchers identified clearer legal or regulatory frameworks for digital assets as a potential catalyst for renewed inflows.

Spot bitcoin ETFs are funds listed on U.S. exchanges that aim to track the price of bitcoin by holding the digital asset directly. Since their launch, these products have drawn significant investor attention. Weekly net flows into and out of the funds can change quickly as traders, institutional allocators and arbitrage desks adjust holdings in response to macro signals, price moves and technical trading opportunities.