Spot Bitcoin exchange-traded funds (ETFs) experienced heavy investor withdrawals during the week ending June 5, with total net outflows reaching approximately $1.72 billion, extending a four-week streak of significant redemptions.
The latest figures highlight a sharp shift in institutional sentiment after months of strong inflows that helped support Bitcoin prices earlier in the year.
According to market data, the largest withdrawals occurred during the first three trading days of June, when investors pulled hundreds of millions of dollars from Bitcoin ETF products. A brief return to positive territory was recorded on Thursday, but outflows resumed on Friday, bringing weekly losses to more than $1.7 billion.
The biggest share of redemptions came from iShares Bitcoin Trust ETF (IBIT), which recorded approximately $1.34 billion in net outflows. Other major funds also posted losses, including Fidelity Wise Origin Bitcoin Fund (FBTC) and Grayscale Bitcoin Trust ETF (GBTC).
Market analysts attribute the sustained outflows primarily to broader macroeconomic factors rather than concerns specific to the cryptocurrency sector.
Investors have been reassessing risk following stronger-than-expected U.S. employment data, rising Treasury yields, and declining expectations for Federal Reserve interest rate cuts. Ongoing geopolitical tensions in the Gulf region have also contributed to a more cautious investment environment.
Analysts note that institutional investors often use highly liquid funds such as BlackRock’s IBIT when adjusting portfolio exposure, explaining why the ETF accounted for the majority of recent redemptions.
The selling trend extended beyond Bitcoin products. Spot Ether ETFs recorded their fourth consecutive week of net outflows, with investors withdrawing approximately $173 million during the same period.
Over the past four weeks, Ether-focused ETFs have seen cumulative outflows of nearly $886 million as risk appetite across digital asset markets weakened.
While Bitcoin and Ether ETFs faced significant withdrawals, several smaller cryptocurrency investment products continued to attract investor interest.
Funds linked to Hyperliquid (HYPE) recorded positive inflows during the week, while XRP ETFs also posted modest gains. Meanwhile, Solana ETFs experienced comparatively minor outflows.
Analysts say the contrasting performance suggests investors are becoming increasingly selective, favoring specific digital asset themes while reducing exposure to broader crypto market risk amid uncertain macroeconomic conditions.
